{"id":852,"date":"2007-05-17T00:37:42","date_gmt":"2007-05-17T04:37:42","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=852"},"modified":"2007-05-17T00:37:42","modified_gmt":"2007-05-17T04:37:42","slug":"may-16-2007","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=852","title":{"rendered":"May 16, 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>\n4.90%<\/td>\n4.93%<\/td>\n42,522<\/td>\n15.67<\/td>\n2<\/td>\n+0.7196%<\/td>\n978.7<\/td>\n<\/tr>\n
Fixed-Floater<\/td>\n5.57%<\/td>\n4.96%<\/td>\n134,514<\/td>\n15.71<\/td>\n6<\/td>\n-0.4594%<\/td>\n928.5<\/td>\n<\/tr>\n
Floater<\/td>\n4.81%<\/td>\n1.21%<\/td>\n77,230<\/td>\n11.19<\/td>\n3<\/td>\n-0.3983%<\/td>\n1,044.4<\/td>\n<\/tr>\n
Op. Retract<\/td>\n4.74%<\/td>\n3.32%<\/td>\n84,919<\/td>\n2.34<\/td>\n17<\/td>\n+0.0565%<\/td>\n1,032.8<\/td>\n<\/tr>\n
Split-Share<\/td>\n4.95%<\/td>\n4.12%<\/td>\n161,772<\/td>\n3.99<\/td>\n12<\/td>\n-0.0713%<\/td>\n1,048.4<\/td>\n<\/tr>\n
Interest Bearing<\/td>\n6.51%<\/td>\n6.19%<\/td>\n66,587<\/td>\n3.38<\/td>\n5<\/td>\n+0.0394%<\/td>\n1,047.2<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.14%<\/td>\n4.56%<\/td>\n172,676<\/td>\n5.17<\/td>\n48<\/td>\n-0.0234%<\/td>\n1,050.0<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n4.64%<\/td>\n4.67%<\/td>\n752,759<\/td>\n16.08<\/td>\n19<\/td>\n-0.0444%<\/td>\n1,049.0<\/td>\n<\/tr>\n<\/table>\n<\/div>\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.A<\/td>\nFixFloat<\/td>\n-1.2100%<\/td>\nExchange\/Reset Date is 2007-9-1 (Exchanges with Series ‘AB’, not issued); until then, pays 5.03% of par. Closed at 22.86-04, 6×19, touching a 52-week low of 22.86.<\/td>\n<\/tr>\n
CM.PR.R<\/td>\nOpRet<\/td>\n+1.1605%<\/td>\nNow with a pre-tax bid-YTW of 3.53%, based on a bid of 26.15 and a call 2008-5-30 at 25.75. That’s a bond-equivalent of 4.94%, not bad!<\/td>\n<\/tr>\n
BCE.PR.S<\/td>\nRatchet<\/td>\n+1.4867%<\/td>\nExchange\/Reset date is 2011-11-01 (Exchanges with BCE.PR.T, which pays 4.502% until then). Closed at 23.21-39, 3×10; the Ts closed at 22.00-23.75, 1×18, trading 1,250 shares in a range of 21.80-50.<\/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
WN.PR.B<\/td>\nOpRet<\/td>\n139,520<\/td>\nScotia crossed 138,400 at 26.00. Now with a pre-tax bid-YTW of 3.51% based on a bid of 26.00 and a softMaturity<\/a> 2009-6-30 at 25.00.<\/td>\n<\/tr>\n
TD.PR.O<\/td>\nPerpetualPremium<\/td>\n111,507<\/td>\nNesbitt crossed 100,000 at 26.03. Now with a pre-tax bid-YTW of 4.27% based on a bid of 26.02 and a call 2014-11-30 at 25.00.<\/td>\n<\/tr>\n
BAM.PR.H<\/td>\nOpRet<\/td>\n111,417<\/td>\nScotia crossed 100,000 at 27.09. Now with a pre-tax bid-YTW of 2.48% based on a bid of 27.07 and a call 2008-10-30 at 25.75. There are those, it would appear, who believe it will last until its softMaturity at 25.00, 2012-3-30, to yield 4.05%!<\/td>\n<\/tr>\n
CM.PR.I<\/td>\nPerpetualPremium<\/td>\n34,415<\/td>\nNow with a pre-tax bid-YTW of 4.68% based on a bid of 25.15 and a call 2016-3-1 at 25.00.<\/td>\n<\/tr>\n
NA.PR.L<\/td>\nPerpetualPremium<\/td>\n30,607<\/td>\nNational Bank crossed 12,700 at 25.75. Now with a pre-tax bid-YTW of 4.41% based on a bid of 25.70 and a call 2014-6-14 at 25.00.<\/td>\n<\/tr>\n<\/table>\n

There were twenty-two 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-852","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/852","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=852"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/852\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=852"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=852"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=852"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}