{"id":815,"date":"2007-05-01T22:59:15","date_gmt":"2007-05-02T02:59:15","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=815"},"modified":"2007-05-01T22:59:15","modified_gmt":"2007-05-02T02:59:15","slug":"may-1-2007","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=815","title":{"rendered":"May 1, 2007"},"content":{"rendered":"

The index rebalancing for April month-end has not yet been completed, so I’ll have to update the index values at another time. However, I do have the other two tables!<\/p>\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.Z<\/td>\nFixFloat<\/td>\n+1.0748%<\/td>\nExchange\/Reset date is 2007-12-1 (Exchange with BCE.PR.Y); until then, pay 5.319% of par. Closed at 23.51-89, 3×10; the Ys closed at 23.11-49, 2×2.<\/td>\n<\/tr>\n
BCE.PR.H<\/td>\nRatchet<\/td>\n+1.0753%<\/td>\nExchange\/Reset date is 2011-5-1 (Exchange with BCE.PR.G, which currently pays 4.35% of par). Closed at 23.50-75, 20×2; the Gs closed at 21.91-37, 5×1.<\/td>\n<\/tr>\n
BCE.PR.C<\/td>\nFixFloat<\/td>\n+1.0975%<\/td>\nExchange\/Reset date is 2008-3-1 (Exchange with series ‘AD’, not issued); until then, pay 5.55% of par. Closed at 23.95-24, 1×2.<\/td>\n<\/tr>\n
AL.PR.E<\/td>\nFloater<\/td>\n+1.6231%<\/td>\n\u00a0<\/td>\n<\/tr>\n
BCE.PR.A<\/td>\nFixFloat<\/td>\n+2.1496%<\/td>\nExchange\/Reset date is 2007-09-01 (Exchange with series ‘AB’, not issued); until then, pay 5.03% of par. Closed at 23.76-00, 5×59.<\/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>\n238,964<\/td>\nRecent new issue<\/a>. Now with a pre-tax bid-YTW of 4.61% based on a bid of 24.51 and a limitMaturity<\/a>.<\/td>\n<\/tr>\n
NA.PR.K<\/td>\nPerpetualPremium<\/td>\n201,300<\/td>\nDesjardins crossed two tranches of 100,000 shares at 26.80. Now with a pre-tax bid-YTW of 2.91% based on a bid of 26.72 and a call 2008-6-14 at 26.00 – pretty skimpy! You can buy Canada bonds of that term to yield more than that, interest equivalent … the buyers must be hoping the issue will last longer.<\/td>\n<\/tr>\n
MFC.PR.B<\/td>\nPerpetualPremium<\/td>\n112,844<\/td>\nScotia crossed 100,000 at 25.30. Now with a pre-tax bid-YTW of 4.57% based on a bid of 25.29 and a call 2014-4-18 at 25.00.<\/td>\n<\/tr>\n
MFC.PR.C<\/td>\nPerpetualDiscount<\/td>\n110,329<\/td>\nScotia crossed 100,000 at 24.69. Now with a pre-tax bid-YTW of 4.61% based on a bid of 24.65 and a limitMaturity.<\/td>\n<\/tr>\n
WN.PR.D<\/td>\nPerpetualPremium<\/td>\n108,020<\/td>\nScotia crossed 25,000 at 25.25, then 75,000 at the same price. Now with a pre-tax bid-YTW of 5.17% based on a bid of 25.21 and a call 2014-10-31 at 25.00. Remember that Weston is still on Credit Wath Negative<\/a>.<\/td>\n<\/tr>\n<\/table>\n

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

Update, 2007-05-03<\/strong><\/p>\n

\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>\n4.56%<\/td>\n4.57%<\/td>\n42,607<\/td>\n16.34<\/td>\n2<\/td>\n+0.5219%<\/td>\n977.1<\/td>\n<\/tr>\n
Fixed-Floater<\/td>\n5.43%<\/td>\n4.50%<\/td>\n124,066<\/td>\n16.51<\/td>\n6<\/td>\n+0.9393%<\/td>\n951.6<\/td>\n<\/tr>\n
Floater<\/td>\n4.71%<\/td>\n-22.29%<\/td>\n73,448<\/td>\n5.53<\/td>\n3<\/td>\n+0.4919%<\/td>\n1,067.2<\/td>\n<\/tr>\n
Op. Retract<\/td>\n4.73%<\/td>\n3.22%<\/td>\n82,957<\/td>\n2.59<\/td>\n17<\/td>\n-0.0152%<\/td>\n1,032.4<\/td>\n<\/tr>\n
Split-Share<\/td>\n4.97%<\/td>\n4.29%<\/td>\n182,937<\/td>\n3.89<\/td>\n12<\/td>\n-0.0492%<\/td>\n1,044.0<\/td>\n<\/tr>\n
Interest Bearing<\/td>\n6.50%<\/td>\n4.60%<\/td>\n61,951<\/td>\n2.25<\/td>\n5<\/td>\n+0.0830%<\/td>\n1,048.7<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.13%<\/td>\n4.50%<\/td>\n172,210<\/td>\n5.06<\/td>\n48<\/td>\n-0.0378%<\/td>\n1,050.8<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n4.60%<\/td>\n4.62%<\/td>\n821,913<\/td>\n16.17<\/td>\n18<\/td>\n+0.1478%<\/td>\n1,055.7<\/td>\n<\/tr>\n<\/table>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The index rebalancing for April month-end has not yet been completed, so I’ll have to update the index values at another time. However, I do have the other two tables! Major Price Changes Issue Index …<\/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-815","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/815","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=815"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/815\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=815"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=815"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=815"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}