{"id":874,"date":"2007-05-29T00:18:15","date_gmt":"2007-05-29T04:18:15","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=874"},"modified":"2007-05-29T00:18:15","modified_gmt":"2007-05-29T04:18:15","slug":"may-28-2007","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=874","title":{"rendered":"May 28, 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>\n5.20%<\/td>\n5.30%<\/td>\n38,584<\/td>\n15.16<\/td>\n2<\/td>\n+0.1317%<\/td>\n960.5<\/td>\n<\/tr>\n
Fixed-Floater<\/td>\n5.71%<\/td>\n5.34%<\/td>\n154,302<\/td>\n15.16<\/td>\n6<\/td>\n-0.2559%<\/td>\n907.1<\/td>\n<\/tr>\n
Floater<\/td>\n4.81%<\/td>\n2.02%<\/td>\n81,079<\/td>\n11.18<\/td>\n3<\/td>\n+0.0536%<\/td>\n1,044.2<\/td>\n<\/tr>\n
Op. Retract<\/td>\n4.77%<\/td>\n3.67%<\/td>\n84,217<\/td>\n2.72<\/td>\n17<\/td>\n-0.1737%<\/td>\n1,027.6<\/td>\n<\/tr>\n
Split-Share<\/td>\n4.99%<\/td>\n4.34%<\/td>\n221,058<\/td>\n3.82<\/td>\n13<\/td>\n-0.0564%<\/td>\n1,047.4<\/td>\n<\/tr>\n
Interest Bearing<\/td>\n6.54%<\/td>\n6.47%<\/td>\n70,403<\/td>\n5.33<\/td>\n5<\/td>\n+0.0794%<\/td>\n1,042.8<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.20%<\/td>\n4.62%<\/td>\n186,747<\/td>\n6.98<\/td>\n48<\/td>\n-0.2528%<\/td>\n1,037.0<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n4.79%<\/td>\n4.83%<\/td>\n658,128<\/td>\n15.80<\/td>\n19<\/td>\n-0.5011%<\/td>\n1,016.9<\/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
BCE.PR.R<\/td>\nFixFloat<\/td>\n-3.2779%<\/td>\nExchange\/Reset date is 2010-12-1 (exchanges with series ‘Q’, not issued); until then, pays 4.54% of par. After the heavy volume on May 25<\/a>, the coup de grace was a bit of an anti-climax: a sale of 1,500 shares by Nesbitt just before the bell took the price from 20.58 to 20.36. Closed at 20.36-74, 3×1.<\/td>\n<\/tr>\n
IAG.PR.A<\/td>\nPerpetualDiscount<\/td>\n-1.8330%<\/td>\nA morning sale by Nesbitt of 2,400 shares seems to have taken out the bid (prices in four tranches started at 24.44 and finished at 24.05) that only bounced back a little. Closed at 24.10-49, 10×5. Now with a pre-tax bid-YTW of 4.83% based on a bid of 24.10 and a limitMaturity<\/a>.<\/td>\n<\/tr>\n
IGM.PR.A<\/td>\nOpRet<\/td>\n-1.2409%<\/td>\nNow with a pre-tax bid-YTW of 4.00% based on a bid of 27.06 and a call 2009-7-30 at 26.00.<\/td>\n<\/tr>\n
ACO.PR.A<\/td>\nOpRet<\/td>\n-1.0989%<\/td>\nTraded as low as 26.77; closed at 27.00-30, 20×10. Now with a pre-tax bid-YTW of 3.01% based on a bid of 27.00 and a call 2008-12-31 at 26.00.<\/td>\n<\/tr>\n
RY.PR.D<\/td>\nPerpetualDiscount<\/td>\n-1.0961%<\/td>\nTraded as low as 23.25, a new 52-week low. Closed at 23.46-60, 3×5. Now with a pre-tax bid-YTW of 4.82% based on a bid of 23.46 and a limitMaturity.<\/td>\n<\/tr>\n
POW.PR.B<\/td>\nPerpetualPremium<\/td>\n-1.0942%<\/td>\nTraded as low as 25.16, a new 52-week low. Closed at 25.31-38, 43×3. Now with a pre-tax bid-YTW of 5.19% based on a bid of 25.31 and a call 2012-12-28 at 25.00.<\/td>\n<\/tr>\n
ELF.PR.G<\/td>\nPerpetualPremium (for now!)<\/td>\n-1.0142%<\/td>\nNow with a pre-tax bid-YTW of 4.92% based on a bid of 24.40 and a limitMaturity.<\/td>\n<\/tr>\n
BCE.PR.I<\/td>\nFixFloat<\/td>\n+1.0779%<\/td>\nExchange\/Reset date is 2011-8-1 (Exchanges with series ‘AJ’, not issued); until then, pays 4.65% of par.<\/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
BAM.PR.K<\/td>\nFloater<\/td>\n202,400<\/td>\nNational Bank crossed 200,000 at 24.90.<\/td>\n<\/tr>\n
GWO.PR.I<\/td>\nPerpetualDiscount<\/td>\n147,315<\/td>\nNesbitt crossed 83,300 at 23.90. Now with a pre-tax bid-YTW of 4.79% based on a bid of 23.80 and a limitMaturity. There’s still some uncertainty about GWO’s capital market plans<\/a>, and the recent downdraft doesn’t help.<\/td>\n<\/tr>\n
GWO.PR.H<\/td>\nPerpetualPremium<\/td>\n76,510<\/td>\nNesbitt crossed 11,100 at 25.32. Now with a pre-tax bid-YTW of 4.80% based on a bid of 25.32 and a limitMaturity.<\/td>\n<\/tr>\n
CM.PR.J<\/td>\nPerpetualDiscount<\/td>\n52,670<\/td>\nRBC crossed 11,500 at 23.60 to end the day; four other crosses totalling 17,500 all at 23.60 preceded this. Now with a pre-tax bid-YTW of 4.84% based on a bid of 23.44 and a limitMaturity.<\/td>\n<\/tr>\n
BMO.PR.J<\/td>\nPerpetualDiscount<\/td>\n36,990<\/td>\nNow with a pre-tax bid-YTW of 4.75% based on a bid of 23.76 and a limitMaturity.<\/td>\n<\/tr>\n<\/table>\n

There were twenty-three 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-874","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/874","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=874"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/874\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=874"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=874"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=874"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}