{"id":803,"date":"2007-04-26T22:08:43","date_gmt":"2007-04-27T02:08:43","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=803"},"modified":"2007-04-26T22:08:43","modified_gmt":"2007-04-27T02:08:43","slug":"april-26-2007","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=803","title":{"rendered":"April 26, 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>\n4.42%<\/td>\n4.42%<\/td>\n42,977<\/td>\n16.62<\/td>\n2<\/td>\n-0.1605%<\/td>\n991.7<\/td>\n<\/tr>\n
Fixed-Floater<\/td>\n5.50%<\/td>\n4.55%<\/td>\n118,964<\/td>\n16.29<\/td>\n6<\/td>\n-0.3041%<\/td>\n931.2<\/td>\n<\/tr>\n
Floater<\/td>\n4.56%<\/td>\n-19.12%<\/td>\n57,071<\/td>\n0.13<\/td>\n4<\/td>\n+0.0884%<\/td>\n1,062.4<\/td>\n<\/tr>\n
Op. Retract<\/td>\n4.73%<\/td>\n3.24%<\/td>\n84,582<\/td>\n2.38<\/td>\n17<\/td>\n-0.0507%<\/td>\n1,033.1<\/td>\n<\/tr>\n
Split-Share<\/td>\n5.04%<\/td>\n4.33%<\/td>\n182,814<\/td>\n4.02<\/td>\n12<\/td>\n-0.0422%<\/td>\n1,044.2<\/td>\n<\/tr>\n
Interest Bearing<\/td>\n6.48%<\/td>\n3.87%<\/td>\n61,798<\/td>\n2.27<\/td>\n5<\/td>\n+0.1972%<\/td>\n1,051.3<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.07%<\/td>\n4.48%<\/td>\n223,033<\/td>\n6.23<\/td>\n54<\/td>\n-0.1385%<\/td>\n1,053.1<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n4.57%<\/td>\n4.59%<\/td>\n935,745<\/td>\n16.23<\/td>\n12<\/td>\n-0.3302%<\/td>\n1,056.6<\/td>\n<\/tr>\n<\/table>\n<\/div>\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-2.7335%<\/td>\nExchange\/Reset date is 2011-05-1 (exchanges with BCE.PR.H); until then pays 4.35% of par. Another new low today, 21.01. Closed at 21.35-55, 10×2. The BCE.PR.H closed at 23.35-98, 50×3. Let’s see …BCE Pairs<\/a>… say the “H” pay 6% (=100% of current prime), vs. the 4.35% on the “G”. Difference = 1.65% = $0.4125 p.a. Term to exchange is 4 years. I guess the market is betting that not only will the “H” pay 100% of prime until the exchange date, but that prime’s going to go up, too!<\/td>\n<\/tr>\n
LBS.PR.A<\/td>\nSplitShare<\/td>\n-1.4178%<\/td>\nNow with a pre-tax bid-YTW of 4.54% based on a bid of 10.43 and a hardMaturity<\/a> 2013-11-29 at 10.00<\/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
RY.PR.G<\/td>\nPerpetualDiscount<\/td>\n519,113<\/td>\nNew issue<\/a> settled today. Now with a pre-tax bid-YTW of 4.61% based on a bid of 24.49 and a limitMaturity<\/a>.<\/td>\n<\/tr>\n
BNS.PR.M<\/td>\nPerpetualDiscount<\/td>\n169,125<\/td>\nScotia crossed 101,600 at 24.87. Now with a pre-tax bid-YTW of 4.55% based on a bid of 24.89 and a limitMaturity.<\/td>\n<\/tr>\n
BCE.PR.C<\/td>\nFixedFloater<\/td>\n166,820<\/td>\nExchange\/Reset date is 2008-3-1 (Exchange with series ‘AD’, not issued). Until then, pay 5.54% of par.<\/td>\n<\/tr>\n
PWF.PR.K<\/td>\nPerpetualPremium<\/td>\n52,770<\/td>\nScotia crossed 50,000 @ 25.88. Now with a pre-tax bid-YTW of 4.44% based on a bid of 25.85 and a call 2014-11-30 at 25.00<\/td>\n<\/tr>\n
CM.PR.I<\/td>\nPerpetualPremium<\/td>\n49,125<\/td>\nNow with a pre-tax bid-YTW of 4.62% based on a bid of 25.18 and a call 2016-3-1 at 25.00.<\/td>\n<\/tr>\n<\/table>\n

There were eighteen other $25-equivalent index-included issues trading over 10,000 shares today.<\/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-803","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/803","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=803"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/803\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=803"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=803"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=803"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}