{"id":848,"date":"2007-05-14T23:27:40","date_gmt":"2007-05-15T03:27:40","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=848"},"modified":"2007-05-14T23:27:40","modified_gmt":"2007-05-15T03:27:40","slug":"may-14-2007","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=848","title":{"rendered":"May 14, 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>\n4.87%<\/td>\n4.91%<\/td>\n43,549<\/td>\n15.73<\/td>\n2<\/td>\n-0.8727%<\/td>\n970.0<\/td>\n<\/tr>\n
Fixed-Floater<\/td>\n5.48%<\/td>\n4.80%<\/td>\n132,810<\/td>\n15.95<\/td>\n6<\/td>\n-0.5383%<\/td>\n943.5<\/td>\n<\/tr>\n
Floater<\/td>\n4.78%<\/td>\n-5.12%<\/td>\n76,052<\/td>\n5.61<\/td>\n3<\/td>\n-0.0524%<\/td>\n1,051.4<\/td>\n<\/tr>\n
Op. Retract<\/td>\n4.74%<\/td>\n3.29%<\/td>\n84,232<\/td>\n2.34<\/td>\n17<\/td>\n0.0336%<\/td>\n1,033.5<\/td>\n<\/tr>\n
Split-Share<\/td>\n4.96%<\/td>\n4.18%<\/td>\n162,671<\/td>\n4.00<\/td>\n12<\/td>\n+0.2287%<\/td>\n1,047.2<\/td>\n<\/tr>\n
Interest Bearing<\/td>\n6.52%<\/td>\n6.07%<\/td>\n65,772<\/td>\n3.38<\/td>\n5<\/td>\n-0.0305%<\/td>\n1,045.4<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.13%<\/td>\n4.36%<\/td>\n171,176<\/td>\n5.58<\/td>\n48<\/td>\n+0.0393%<\/td>\n1,050.9<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n4.63%<\/td>\n4.66%<\/td>\n783,166<\/td>\n16.09<\/td>\n19<\/td>\n-0.1021%<\/td>\n1,051.2<\/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>\nFixFloat<\/td>\n-2.6966%<\/td>\nExchange\/Reset Date is 2011-5-1 (Exchanges with BCE.PR.H); until then, pays 4.35% of par. Sailed right through a small bid on small volume. Closed at 21.65-44, 20×10. The Hs closed at 23.36-49, 30×19.<\/td>\n<\/tr>\n
BCE.PR.S<\/td>\nRatchet<\/td>\n-1.7672%<\/td>\nExchange\/Reset date is 2011-11-1 (Exchanges with BCE.PR.T, which pays 4.502% until then). Tiny volume of 600 shares, which was never-the-less enough to take out the bid. Closed at 22.79-25, 1×3; Ts closed at 21.90-40, 1×7.<\/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
PWF.PR.K<\/td>\nPerpetualPremium<\/td>\n105,725<\/td>\nNow with a pre-tax bid-YTW of 4.49% based on a bid of 25.82 and a call 2014-11-30 at 25.00.<\/td>\n<\/tr>\n
RY.PR.G<\/td>\nPerpetualDiscount<\/td>\n103,460<\/td>\nScotia bought 15,800 from Anonymous at 24.50, then another 58,900 from RBC at the same price. Now with a pre-tax bid-YTW of 4.63% based on a bid of 24.46 and a limitMaturity<\/a>.<\/td>\n<\/tr>\n
BNS.PR.L<\/td>\nPerpetualDiscount<\/td>\n74,900<\/td>\nScotia crossed 74,900 at 24.87. Now with a pre-tax bid-YTW of 4.56% based on a bid of 24.82 and a limitMaturity.<\/td>\n<\/tr>\n
RY.PR.W<\/td>\nPerpetualPremium<\/td>\n62,070<\/td>\nNow with a pre-tax bid-YTW of 4.29% based on a bid of 25.90 and a call 2014-3-26 at 25.00.<\/td>\n<\/tr>\n
CU.PR.B<\/td>\nPerpetualPremium<\/td>\n52,934<\/td>\nTD crossed 49,600 at 27.19. Now with a pre-tax bid-YTW of 2.87% based on a bid of 27.14 and a call 2008-7-1 at 26.00. Somebody’s betting it won’t be called that soon! But I still say they’re expensive.<\/td>\n<\/tr>\n<\/table>\n

There were twenty-six 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-848","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/848","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=848"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/848\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=848"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=848"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=848"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}