{"id":870,"date":"2007-05-23T23:42:53","date_gmt":"2007-05-24T03:42:53","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=870"},"modified":"2007-05-23T23:42:53","modified_gmt":"2007-05-24T03:42:53","slug":"may-23-2007","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=870","title":{"rendered":"May 23, 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>\n5.08%<\/td>\n5.17%<\/td>\n41,577<\/td>\n15.38<\/td>\n2<\/td>\n+0.3303%<\/td>\n966.4<\/td>\n<\/tr>\n
Fixed-Floater<\/td>\n5.63%<\/td>\n5.16%<\/td>\n144,821<\/td>\n15.43<\/td>\n6<\/td>\n-0.0262%<\/td>\n919.9<\/td>\n<\/tr>\n
Floater<\/td>\n4.80%<\/td>\n-3.42%<\/td>\n78,710<\/td>\n11.10<\/td>\n3<\/td>\n-0.0528%<\/td>\n1,046.3<\/td>\n<\/tr>\n
Op. Retract<\/td>\n4.76%<\/td>\n3.51%<\/td>\n84,065<\/td>\n2.32<\/td>\n17<\/td>\n-0.0705%<\/td>\n1,030.2<\/td>\n<\/tr>\n
Split-Share<\/td>\n4.97%<\/td>\n4.22%<\/td>\n227,615<\/td>\n3.96<\/td>\n12<\/td>\n-0.0610%<\/td>\n1,050.8<\/td>\n<\/tr>\n
Interest Bearing<\/td>\n6.53%<\/td>\n6.37%<\/td>\n70,069<\/td>\n5.34<\/td>\n5<\/td>\n+0.0200%<\/td>\n1,044.2<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.18%<\/td>\n4.74%<\/td>\n176,761<\/td>\n6.82<\/td>\n48<\/td>\n-0.2212%<\/td>\n1,041.8<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n4.70%<\/td>\n4.73%<\/td>\n687,077<\/td>\n15.98<\/td>\n19<\/td>\n-0.4467%<\/td>\n1,037.0<\/td>\n<\/tr>\n<\/table>\n<\/div>\n\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
POW.PR.D<\/td>\nPerpetualPremium<\/td>\n-1.7147%<\/td>\nClosed at 25.22-44, 1×2. Now with a pre-tax bid-YTW of 4.97% based on a bid of 25.22 and a call 2014-11-30 at 25.00.<\/td>\n<\/tr>\n
BCE.PR.G<\/td>\nFixFloat<\/td>\n-1.5789%<\/td>\nExchange\/Reset Date is 2011-5-1 (Exchanges with BCE.PR.H); until then, pays 4.35% of par. Hit the 52-week low of 20.25, closed at 20.57-00, 5×10. The Hs closed at 23.21-49 on no volume. Nearly $3.00 spread on this BCE pair<\/a> … somebody must be profitting!<\/td>\n<\/tr>\n
SLF.PR.C<\/td>\nPerpetualDiscount<\/td>\n-1.4256%<\/td>\nNow with a pre-tax bid-YTW of 4.72% based on a bid of 23.51 and a limitMaturity<\/a>. That makes 5% on a Pfd-3 perp<\/a> and 4.85% on a Pfd-3(high) perp<\/a> look pretty skimpy … especially as this issue implicitly has the chance, anyway, of a permanent 6%+ capital gain.<\/td>\n<\/tr>\n
BMO.PR.J<\/td>\nPerpetualDiscount<\/td>\n-1.3458%<\/td>\nNow with a pre-tax bid-YTW of 4.66% based on a bid of 24.19 and a limitMaturity.<\/td>\n<\/tr>\n
SLF.PR.D<\/td>\nPerpetualDiscount<\/td>\n-1.2134%<\/td>\nNow with a pre-tax bid-YTW of 4.70% based on a bid of 23.61 and a limitMaturity.<\/td>\n<\/tr>\n
BNS.PR.K<\/td>\nPerpetualPremium<\/td>\n-1.1737%<\/td>\nNow with a pre-tax bid-YTW of 4.71% based on a bid of 25.26 and a call 2014-5-28 at 25.00.<\/td>\n<\/tr>\n
TD.PR.O<\/td>\nPerpetualPremium<\/td>\n-1.0425%<\/td>\nNow with a pre-tax bid-YTW of 4.53% based on a bid of 25.63 and a call 2014-11-30 at 25.00.<\/td>\n<\/tr>\n
BCE.PR.Z<\/td>\nFixFloat<\/td>\n+1.5172%<\/td>\nExchange\/Reset date is 2007-12-1 (exchanges with BCE.PR.Y); until then, pays 5.319% of par. Closed at 22.75-99, 20×8; the Ys closed at 22.80-33, 1×4.<\/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
RY.PR.B<\/td>\nPerpetualPremium (until month-end, anyway!)<\/td>\n94,500<\/td>\nScotia crossed 67,300 at 24.75. Now with a pre-tax bid-YTW of 4.78% based on a bid of 24.66 and a limitMaturity.<\/td>\n<\/tr>\n
PIC.PR.A<\/td>\nSplitShare<\/td>\n65,528<\/td>\nNow with a pre-tax bid-YTW of 4.23% based on a bid of 15.79 and a hardMaturity<\/a> 2010-11-1 at 15.00.<\/td>\n<\/tr>\n
BCE.PR.C<\/td>\nFixFloat<\/td>\n38,450<\/td>\nExchange\/Reset date is 2008-3-1 (exchanges with series ‘AD’, not issued); until then, pays 5.54% of par. Closed at 23.38-59, 9×4.<\/td>\n<\/tr>\n
CM.PR.H<\/td>\nPerpetualPremium<\/td>\n37,235<\/td>\nNow with a pre-tax bid-YTW of 4.65% based on a bid of 25.35 and a call 2014-4-29 at 25.00.<\/td>\n<\/tr>\n
SLF.PR.A<\/td>\nPerpetualPremium (until month-end, anyway!)<\/td>\n34,500<\/td>\nNow with a pre-tax bid-YTW of 4.76% based on a bid of 24.85 and a limitMaturity.<\/td>\n<\/tr>\n<\/table>\n

There were thirty-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-870","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/870","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=870"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/870\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=870"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=870"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=870"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}