{"id":795,"date":"2007-04-24T22:17:12","date_gmt":"2007-04-25T02:17:12","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=795"},"modified":"2007-04-24T22:17:12","modified_gmt":"2007-04-25T02:17:12","slug":"april-24-2007","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=795","title":{"rendered":"April 24, 2007"},"content":{"rendered":"
\n\n\n\n\n\n\n\n\n\n\n\n
Note that these indices are experimental; the absolute and relative daily values are expected to change in the final version. In this version, index values are based at 1,000.0 on 2006-6-30<\/strong><\/td>\n<\/tr>\n
Index<\/td>\nMean Current Yield (at bid)<\/td>\nMean YTW<\/td>\nMean Average Trading Value<\/td>\nMean Mod Dur (YTW)<\/td>\nIssues<\/td>\nDay’s Perf.<\/td>\nIndex Value<\/td>\n<\/tr>\n
Ratchet<\/td>\n4.29%<\/td>\n4.29%<\/td>\n39,724<\/td>\n16.79<\/td>\n2<\/td>\n-0.6360%<\/td>\n1,010.9<\/td>\n<\/tr>\n
Fixed-Floater<\/td>\n5.47%<\/td>\n4.51%<\/td>\n110,622<\/td>\n16.45<\/td>\n6<\/td>\n-0.5810%<\/td>\n935.9<\/td>\n<\/tr>\n
Floater<\/td>\n4.56%<\/td>\n-17.95%<\/td>\n56,394<\/td>\n0.13<\/td>\n4<\/td>\n-0.0584%<\/td>\n1,061.1<\/td>\n<\/tr>\n
Op. Retract<\/td>\n4.73%<\/td>\n3.20%<\/td>\n84,266<\/td>\n2.19<\/td>\n17<\/td>\n+0.0757%<\/td>\n1,034.2<\/td>\n<\/tr>\n
Split-Share<\/td>\n5.03%<\/td>\n4.23%<\/td>\n186,199<\/td>\n4.02<\/td>\n12<\/td>\n-0.0459%<\/td>\n1,046.3<\/td>\n<\/tr>\n
Interest Bearing<\/td>\n6.51%<\/td>\n5.28%<\/td>\n62,138<\/td>\n2.26<\/td>\n5<\/td>\n-0.0300%<\/td>\n1,047.0<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.06%<\/td>\n4.30%<\/td>\n224,281<\/td>\n5.88<\/td>\n54<\/td>\n-0.0939%<\/td>\n1,055.2<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n4.55%<\/td>\n4.84%<\/td>\n791,811<\/td>\n16.25<\/td>\n11<\/td>\n-0.0473%<\/td>\n1,060.7<\/td>\n<\/tr>\n<\/table>\n<\/div>\n\n\n\n\n\n\n\n\n
Major Price Changes<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
BCE.PR.G<\/td>\nFixedFloater<\/td>\n-2.6655%<\/td>\nExchange\/Reset date is 2011-05-01 (exchange to BCE.PR.H); until then, they pay 4.35% of par. They closed at 21.91-44, 3×4. The BCE.PR.H closed at 24.00-40, 1×3.<\/td>\n<\/tr>\n
FTN.PR.A<\/td>\nSplitShare<\/td>\n-1.4286%<\/td>\nThe hoped-for term extension was denied<\/a>. Now with a pre-tax bid-YTW of 3.15% based on a bid of 10.35 and a hardMaturity<\/a> 2008-12-01 at 10.00<\/td>\n<\/tr>\n
CU.PR.B<\/td>\nPerpetualPremium<\/td>\n-1.1426%<\/td>\nPerhaps due to competition from the new issue<\/a>. Now with a pre-tax bid-YTW of 3.78%, based on a bid of 26.82 and a call 2008-07-01 at $26.00. If they last until their call 2012-7-1 at $25.00, they will have yielded 4.63% – about the same as the 4.60% new issue, but with risk of lower yields if it’s called earlier.<\/td>\n<\/tr>\n
BCE.PR.H<\/td>\nRatchetRate<\/td>\n-1.0309%<\/td>\nExchange\/Reset date is 2011-05-01 (exchange with BCE.PR.G).<\/td>\n<\/tr>\n
IAG.PR.A<\/td>\nPerpetualPremium<\/td>\n-1.0000%<\/td>\nNow with a pre-tax bid-YTW of 4.68% based on a bid of 24.75 and a limitMaturity<\/a>.<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n
Volume Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nVolume<\/td>\nNotes<\/td>\n<\/tr>\n
BNS.PR.L<\/td>\nPerpetualDiscount<\/td>\n123,300<\/td>\nNational crossed 100,000 at 24.91; Scotia crossed 16,000 at the same price. Now with a pre-tax bid-YTW of 4.53% based on a bid of 24.90 and a limitMaturity.<\/td>\n<\/tr>\n
PWF.PR.I<\/td>\nPerpetualPremium<\/td>\n102,650<\/td>\nTD crossed 40,000 at 26.16, then 51,000 at 26.25. Now with a pre-tax bid-YTW of 4.92% based on a call 2009-5-30 at 25.75 (or 2010-5-30 at 25.50). Great-West will release the 1st quarter results<\/a> on May 3; there may be some clues at that time as to how the group intends to finance the Putnam Purchase<\/a>.<\/td>\n<\/tr>\n
POW.PR.D<\/td>\nPerpetualPremium<\/td>\n69,690<\/td>\nTD crossed 50,700 at 26.32. Now with a pre-tax bid-YTW of 4.43% based on a bid of 25.98 and a call 2014-11-30 at 25.00.<\/td>\n<\/tr>\n
PWF.PR.K<\/td>\nPerpetualPremium<\/td>\n67,862<\/td>\nNow with a pre-tax bid-YTW of 4.44% based on a bid of 25.83 and a call 2014-11-30 at 25.00.<\/td>\n<\/tr>\n
PWF.PR.L<\/td>\nPerpetualPremium<\/td>\n55,500<\/td>\nNesbitt crossed 40,000 at 26.15, Scotia crossed 11,500 at 26.12. Now with a pre-tax bid-YTW of 4.49% based on a bid of 26.11 and a call 2015-11-30 at 25.00.<\/td>\n<\/tr>\n<\/table>\n

There were thirty-six other $25-equivalent index-included issues trading over 10,000 shares today.\n<\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Note that these indices are experimental; the absolute and relative daily values are expected to change in the final version. In this version, index values are based at 1,000.0 on 2006-6-30 Index Mean Current Yield …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[],"class_list":["post-795","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/795","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=795"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/795\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=795"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=795"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=795"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}