{"id":821,"date":"2007-05-02T23:46:18","date_gmt":"2007-05-03T03:46:18","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=821"},"modified":"2007-05-02T23:46:18","modified_gmt":"2007-05-03T03:46:18","slug":"may-2-2007","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=821","title":{"rendered":"May 2, 2007"},"content":{"rendered":"

The index rebalancing for April month-end has\u00a0been completed, but updating the index values will have to wait until tomorrow. 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
GWO.PR.G<\/td>\nPerpetualPremium<\/td>\n-1.1069%<\/td>\nNothing particularly exciting happened in the trading – it looks like the bids just dried up. Now with a pre-tax bid-YTW of 4.67% based on a bid of 25.91 and a call 2014-1-30 at 25.00.<\/td>\n<\/tr>\n
BCE.PR.Z<\/td>\nFixFloat<\/td>\n+1.0208%<\/td>\nExchange\/Reset date is 2007-12-1 (Exchange with BCE.PR.Y); until then, pay 5.319% of par. Closed at 23.75-95, 20×2; the Ys closed at 23.03-74, 2×2.<\/td>\n<\/tr>\n
BCE.PR.G<\/td>\nFixedFloater<\/td>\n+1.7800%<\/td>\nExchange\/Reset date is 2011-5-1 (Exchange with BCE.PR.H); until then, pay 4.35% of par. Closed at 22.30-40, 2×11; the Hs closed at 23.41-03, 13×5.<\/td>\n<\/tr>\n
BCE.PR.I<\/td>\nFixFloat<\/td>\n+2.2411%<\/td>\nExchange\/Reset date is 2011-8-1 (Exchange with series ‘AJ’, not issued); until then, pay 4.65% of par. Closed at 22.81-09, 1×1.<\/td>\n<\/tr>\n
BCE.PR.R<\/td>\nFixFloat<\/td>\n+3.0137%<\/td>\nExchange\/Reset date is 2010-12-01 (Exchange with series ‘Q’, not issued); until then, pay 4.54% of par. Closed at 22.56-64, 2×3.<\/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
BCE.PR.C<\/td>\nFixedFloater<\/td>\n256,250<\/td>\nNesbitt crossed 100,000 at 24.00, then another 150,000 at the same price. Exchange\/Reset date is 2008-03-01 (exchange with series ‘AD’, not issued); until then pay 5.54% of par.<\/td>\n<\/tr>\n
RY.PR.G<\/td>\nPerpetualDiscount<\/td>\n87,900<\/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
BNS.PR.M<\/td>\nPerpetualDiscount<\/td>\n65,825<\/td>\nScotia crossed 40,000 at 24.86, then another 10,000 at the same price. Now with a pre-tax bid-YTW of 4.56% based on a bid of 24.85 and a limitMaturity.<\/td>\n<\/tr>\n
TD.PR.N<\/td>\nOpRet<\/td>\n50,800<\/td>\nTD crossed 41,800 at 26.93. Now with a pre-tax bid-YTW of 2.89% based on a bid of 26.81 and a call 2009-5-30 at 26.00 … The buyer is obviously hoping they last longer, preferably until their softMaturity<\/a> 2014-1-30 at $25.00, which will yield 3.41%. Well … hope is a fine thing!<\/td>\n<\/tr>\n
TD.PR.M<\/td>\nOpRet<\/td>\n50,600<\/td>\nScotia crossed 50,000 at 26.90. A somewhat more careful buyer for this one! Now with a pre-tax bid-YTW of 3.12% based on a bid of 26.74 and a call 2009-5-30 at 26.00 … the softMaturity at 25.00 on 2013-10-30 implies a yield of 3.52%.<\/td>\n<\/tr>\n<\/table>\n

There were eighteen 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>\n4.60%<\/td>\n4.61%<\/td>\n42,886<\/td>\n16.26<\/td>\n2<\/td>\n-0.3010%<\/td>\n974.2<\/td>\n<\/tr>\n
Fixed-Floater<\/td>\n5.36%<\/td>\n4.45%<\/td>\n128,173<\/td>\n16.56<\/td>\n6<\/td>\n+1.3299%<\/td>\n964.3<\/td>\n<\/tr>\n
Floater<\/td>\n4.71%<\/td>\n-19.85%<\/td>\n73,776<\/td>\n11.00<\/td>\n3<\/td>\n-0.1016%<\/td>\n1,066.1<\/td>\n<\/tr>\n
Op. Retract<\/td>\n4.73%<\/td>\n3.07%<\/td>\n83,864<\/td>\n2.30<\/td>\n17<\/td>\n+0.1552%<\/td>\n1,034.0<\/td>\n<\/tr>\n
Split-Share<\/td>\n4.96%<\/td>\n4.19%<\/td>\n180,610<\/td>\n3.89<\/td>\n12<\/td>\n+0.1361%<\/td>\n1,045.4<\/td>\n<\/tr>\n
Interest Bearing<\/td>\n6.50%<\/td>\n4.69%<\/td>\n61,881<\/td>\n2.25<\/td>\n5<\/td>\n-0.0078%<\/td>\n1,048.6<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.13%<\/td>\n4.50%<\/td>\n171,637<\/td>\n4.90<\/td>\n48<\/td>\n+0.0075%<\/td>\n1,050.8<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n4.60%<\/td>\n4.62%<\/td>\n808,321<\/td>\n16.17<\/td>\n18<\/td>\n-0.0085%<\/td>\n1,055.6<\/td>\n<\/tr>\n<\/table>\n<\/div>\n

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

The index rebalancing for April month-end has\u00a0been completed, but updating the index values will have to wait until tomorrow. However, I do have the other two tables! Major Price Changes Issue Index Change Notes GWO.PR.G …<\/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-821","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/821","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=821"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/821\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=821"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=821"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=821"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}