{"id":845,"date":"2007-05-11T23:41:04","date_gmt":"2007-05-12T03:41:04","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=845"},"modified":"2007-05-11T23:41:04","modified_gmt":"2007-05-12T03:41:04","slug":"may-11-2007","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=845","title":{"rendered":"May 11, 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>\n4.80%<\/td>\n4.82%<\/td>\n44,115<\/td>\n15.86<\/td>\n2<\/td>\n-0.5248%<\/td>\n978.5<\/td>\n<\/tr>\n
Fixed-Floater<\/td>\n5.45%<\/td>\n4.74%<\/td>\n134,397<\/td>\n16.06<\/td>\n6<\/td>\n-0.3694%<\/td>\n948.6<\/td>\n<\/tr>\n
Floater<\/td>\n4.78%<\/td>\n-5.63%<\/td>\n75,502<\/td>\n0.72<\/td>\n3<\/td>\n0.1997%<\/td>\n1,051.9<\/td>\n<\/tr>\n
Op. Retract<\/td>\n4.74%<\/td>\n3.31%<\/td>\n84,129<\/td>\n2.35<\/td>\n17<\/td>\n-0.0270%<\/td>\n1,033.1<\/td>\n<\/tr>\n
Split-Share<\/td>\n4.97%<\/td>\n4.36%<\/td>\n163,814<\/td>\n4.01<\/td>\n12<\/td>\n+0.0906%<\/td>\n1,044.8<\/td>\n<\/tr>\n
Interest Bearing<\/td>\n6.52%<\/td>\n5.41%<\/td>\n62,608<\/td>\n2.22<\/td>\n5<\/td>\n+0.0646%<\/td>\n1,045.7<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.13%<\/td>\n4.36%<\/td>\n170,085<\/td>\n5.23<\/td>\n48<\/td>\n-0.0242%<\/td>\n1,050.5<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n4.62%<\/td>\n4.65%<\/td>\n794,916<\/td>\n16.10<\/td>\n19<\/td>\n-0.0077%<\/td>\n1,052.3<\/td>\n<\/tr>\n<\/table>\n<\/div>\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
BCE.PR.I<\/td>\nFixFloat<\/td>\n-2.1538%<\/td>\nExchange\/Reset Date is 2011-8-1 (Exchanges with series ‘AJ’, not issued); until then, pays 4.65% of par. Closed at 22.26-73, 1×8.<\/td>\n<\/tr>\n
BCE.PR.S<\/td>\nRatchet<\/td>\n-1.4862%<\/td>\nExchange\/Reset date is 2011-11-1 (Exchanges with BCE.PR.T, which pays 4.502% until then). Closed at 23.20-50, 1×2; Ts closed at 22.00-49, 5×1.<\/td>\n<\/tr>\n
BCE.PR.A<\/td>\nFixFloat<\/td>\n-1.0634%<\/td>\nExchange\/Reset date is 2007-9-1 (Exchanges with series ‘AB’, not issued); until then pays 5.03% of par. Closed at 23.26-47, 3×5.<\/td>\n<\/tr>\n
NA.PR.K<\/td>\nPerpetualPremium<\/td>\n-1.0586%<\/td>\nThe bid just disappeared! Now with a pre-tax bid-YTW of 4.82% based on a bid of 26.17 and (i) a call 2010-6-14 at 25.50, or (ii) a call 2011-6-14 at 25.25, or (iii) a call 2012-6-14 at 25.00. Each scenario gives the same yield, to two decimal places.<\/td>\n<\/tr>\n
MFC.PR.A<\/td>\nOpRet<\/td>\n-1.0582%<\/td>\nNow with a pre-tax bid-YTW of 3.56% based on a bid of 26.18 and a softMaturity<\/a> 2015-12-18 at 25.00.<\/td>\n<\/tr>\n
MFC.PR.C<\/td>\nPerpetualDiscount<\/td>\n-1.0459%<\/td>\nNow with a pre-tax bid-YTW of 4.63% based on a bid of 24.60 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
TOC.PR.B<\/td>\nScraps (Would be Floater, but there are volume concerns)<\/td>\n113,910<\/td>\nDesjardins crossed 100,000 at 25.40. This issue is currently on Credit Watch Negative<\/a> by DBRS & Moodys.<\/td>\n<\/tr>\n
WN.PR.D<\/td>\nPerpetualPremium<\/td>\n94,425<\/td>\nScotia crossed 80,000 at 25.00. Now with a pre-tax bid-YTW of 5.27% based on a bid of 24.95 and a limitMaturity. This issue has been recently downgraded by S&P to P-3(High)<\/a> and is the subject of a Credit Watch Negative by DBRS<\/a>.<\/td>\n<\/tr>\n
WN.PR.C<\/td>\nPerpetualPremium<\/td>\n90,732<\/td>\nScotia crossed 82,100 at 25.00. Now with a pre-tax bid-YTW of 5.27% based on a bid of 24.95 and a limitMaturity. Credit-wise, in the same boat as WN.PR.D, above.<\/td>\n<\/tr>\n
RY.PR.B<\/td>\nPerpetualPremium<\/td>\n29,140<\/td>\nNesbitt crossed 14,300 at 25.50. Now with a pre-tax bid-YTW of 4.43% based on a bid of 25.47 and a call 2015-9-23 at 25.00.<\/td>\n<\/tr>\n
BNS.PR.M<\/td>\nPerpetualDiscount<\/td>\n25,175<\/td>\nScotia crossed 12,800 at 24.89. Now with a pre-tax bid-YTW of 4.56% based on a bid of 24.90 and a limitMaturity.<\/td>\n<\/tr>\n<\/table>\n

There were eleven 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-845","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/845","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=845"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/845\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=845"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=845"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=845"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}