{"id":824,"date":"2007-05-03T23:17:55","date_gmt":"2007-05-04T03:17:55","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=824"},"modified":"2007-05-03T23:17:55","modified_gmt":"2007-05-04T03:17:55","slug":"may-3-2007","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=824","title":{"rendered":"May 3, 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>\n4.54%<\/td>\n4.54%<\/td>\n43,015<\/td>\n16.36<\/td>\n2<\/td>\n+1.9433%<\/td>\n993.1<\/td>\n<\/tr>\n
Fixed-Floater<\/td>\n5.34%<\/td>\n4.46%<\/td>\n132,904<\/td>\n16.55<\/td>\n6<\/td>\n+0.4778%<\/td>\n968.9<\/td>\n<\/tr>\n
Floater<\/td>\n4.72%<\/td>\n-20.35%<\/td>\n74,024<\/td>\n10.96<\/td>\n3<\/td>\n-0.2077%<\/td>\n1,063.9<\/td>\n<\/tr>\n
Op. Retract<\/td>\n4.74%<\/td>\n3.11%<\/td>\n85,438<\/td>\n2.59<\/td>\n17<\/td>\n-0.0860%<\/td>\n1,033.1<\/td>\n<\/tr>\n
Split-Share<\/td>\n4.96%<\/td>\n4.17%<\/td>\n177,638<\/td>\n3.89<\/td>\n12<\/td>\n+0.0845%<\/td>\n1,046.3<\/td>\n<\/tr>\n
Interest Bearing<\/td>\n6.50%<\/td>\n4.76%<\/td>\n62,536<\/td>\n2.24<\/td>\n5<\/td>\n-0.0196%<\/td>\n1,048.4<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.13%<\/td>\n4.53%<\/td>\n170,598<\/td>\n5.23<\/td>\n48<\/td>\n-0.1002%<\/td>\n1,049.8<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n4.61%<\/td>\n4.63%<\/td>\n796,170<\/td>\n16.16<\/td>\n18<\/td>\n-0.1202%<\/td>\n1,054.3<\/td>\n<\/tr>\n<\/table>\n<\/div>\n\n\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
WN.PR.D<\/td>\nPerpetualPremium (for now!)<\/td>\n-2.2556%<\/td>\nDowngraded today by S&P<\/a>. Now with a pre-tax bid-YTW of 5.32% based on a bid of 24.70 and a limitMaturity<\/a>.<\/td>\n<\/tr>\n
WN.PR.C<\/td>\nPerpetualPremium (for now!)<\/td>\n-1.5804%<\/td>\nDowngraded today. Now with a pre-tax bid-YTW of 5.27% based on a bid of 24.91 and a limitMaturity.<\/td>\n<\/tr>\n
WN.PR.E<\/td>\nPerpetualDiscount<\/td>\n-1.4628%<\/td>\nDowngraded today. Now with a pre-tax bid-YTW of 4.94% based on a bid of 24.25 and a limitMaturity.<\/td>\n<\/tr>\n
WN.PR.A<\/td>\nPerpetualPremium<\/td>\n-1.3261%<\/td>\nDowngraded today. Now with a pre-tax bid-YTW of 5.71% based on a bid of 25.30 and a call 2011-1-14 at 25.00.<\/td>\n<\/tr>\n
BCE.PR.H<\/td>\nRatchet<\/td>\n+1.4951%<\/td>\nExchange\/Reset date is 2011-05-01 (Exchange with BCE.PR.G, which pays 4.35% of par until then). The only trading today was a buy of 1,000 shares by MacDougall, executed in four tranches at prices from 23.98-07. Closed at 23.76-28, 3×4. The Gs closed at 22.50-74, 7×3.<\/td>\n<\/tr>\n
BCE.PR.R<\/td>\nFixFloat<\/td>\n+1.5071%<\/td>\nExchange\/Reset date is 2010-12-01 (Exchange with series ‘Q’, not issued); until then, pay 4.54% of par. Nesbitt crossed 200,000 at 22.95. Closed at 22.90-05, 10×2.<\/td>\n<\/tr>\n
BCE.PR.S<\/td>\nRatchet<\/td>\n+2.3965%<\/td>\nExchange\/Reset date is 2011-11-1 (Exchange with BCE.PR.T, which pay 4.502% of par until then). Closed at 23.50-75, 7×1.<\/td>\n<\/tr>\n<\/table>\n\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.R<\/td>\nFixFloat<\/td>\n206,800<\/td>\nDiscussed above.<\/td>\n<\/tr>\n
SLF.PR.E<\/td>\nPerpetualDiscount<\/td>\n131,800<\/td>\nTD crossed 99,100 at 24.85, then another 25,000 at the same price. Now with a pre-tax bid-YTW of 4.57% based on a bid of 24.81 and a limitMaturity<\/a>.<\/td>\n<\/tr>\n
BAM.PR.E<\/td>\nScraps (Would be Ratchet, but there are volume concerns)<\/td>\n110,000<\/td>\nOne trade, crossed for cash<\/a> by Desjardins.<\/td>\n<\/tr>\n
BCE.PR.Z<\/td>\nFixFloat<\/td>\n104,318<\/td>\nDesjardins crossed 100,000 at 23.81. Exchange\/Reset date is 2007-12-1 (Exchange with BCE.PR.Y); until then, pay 5.319% of par. The Zs closed at 23.80-90, 27×18; the Ys at 23.60-74, 7×2.<\/td>\n<\/tr>\n
CM.PR.H<\/td>\nPerpetualPremium<\/td>\n85,647<\/td>\nRBC crossed 50,000 at 25.68; National Bank crossed 24,000 at the same price. Now with a pre-tax bid-YTW of 4.40% based on a bid of 25.66 and a call 2014-4-29 at 25.00.<\/td>\n<\/tr>\n
BCE.PR.A<\/td>\nFixFloat<\/td>\n79,710<\/td>\nDesjardins crossed 74,800 at 23.85. Exchange\/Reset date is 2007-9-1 (Exchange with Series ‘AB’, not issued); until then, pay 5.03% of par. Closed at 23.76-94, 5×4.<\/td>\n<\/tr>\n<\/table>\n

There were sixteen 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-824","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/824","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=824"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/824\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=824"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=824"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=824"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}