{"id":898,"date":"2007-06-07T23:06:46","date_gmt":"2007-06-08T03:06:46","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=898"},"modified":"2007-06-07T23:06:46","modified_gmt":"2007-06-08T03:06:46","slug":"june-7-2007","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=898","title":{"rendered":"June 7, 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>\n5.45%<\/td>\n5.53%<\/td>\n33,259<\/td>\n14.79<\/td>\n2<\/td>\n0.0000%<\/td>\n956.6<\/td>\n<\/tr>\n
Fixed-Floater<\/td>\n5.67%<\/td>\n5.69%<\/td>\n138,408<\/td>\n14.74<\/td>\n7<\/td>\n-0.7153%<\/td>\n886.1<\/td>\n<\/tr>\n
Floater<\/td>\n4.81%<\/td>\n1.06%<\/td>\n91,465<\/td>\n11.15<\/td>\n3<\/td>\n-0.6354%<\/td>\n1,044.8<\/td>\n<\/tr>\n
Op. Retract<\/td>\n4.80%<\/td>\n3.72%<\/td>\n85,180<\/td>\n3.13<\/td>\n17<\/td>\n-0.0064%<\/td>\n1,022.0<\/td>\n<\/tr>\n
Split-Share<\/td>\n5.08%<\/td>\n4.85%<\/td>\n181,784<\/td>\n4.19<\/td>\n15<\/td>\n-0.8242%<\/td>\n1,031.7<\/td>\n<\/tr>\n
Interest Bearing<\/td>\n6.64%<\/td>\n6.75%<\/td>\n88,912<\/td>\n6.12<\/td>\n4<\/td>\n-0.0500%<\/td>\n1,038.5<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.41%<\/td>\n5.16%<\/td>\n140,953<\/td>\n8.18<\/td>\n34<\/td>\n-0.5455%<\/td>\n1,015.9<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.05%<\/td>\n5.09%<\/td>\n561,961<\/td>\n15.34<\/td>\n29<\/td>\n-1.2771%<\/td>\n964.7<\/td>\n<\/tr>\n<\/table>\n<\/div>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\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
CM.PR.H<\/td>\nPerpetualDiscount<\/td>\n-4.1938%<\/td>\nNow with a pre-tax bid-YTW of 5.16% based on a bid of 23.53 and a limitMaturity<\/a>. New low of 23.41 today – traded in a range 23.41-24.60.<\/td>\n<\/tr>\n
MFC.PR.C<\/td>\nPerpetualDiscount<\/td>\n-3.1024%<\/td>\nNow with a pre-tax bid-YTW of 4.95% based on a bid of 22.80 and a limitMaturity. New low of 22.70 today.<\/td>\n<\/tr>\n
RY.PR.B<\/td>\nPerpetualDiscount<\/td>\n-2.7027%<\/td>\nNow with a pre-tax bid-YTW of 5.05% based on a bid of 23.40 and a limitMaturity. New low of 23.45 today.<\/td>\n<\/tr>\n
MFC.PR.B<\/td>\nPerpetualDiscount<\/td>\n-2.6639%<\/td>\nNow with a pre-tax bid-YTW of 4.90% based on a bid of 23.75 and a limitMaturity. New low of 23.30 today – traded in a range of 23.30-24.50.<\/td>\n<\/tr>\n
SLF.PR.D<\/td>\nPerpetualDiscount<\/td>\n-2.3831%<\/td>\nNow with a pre-tax bid-YTW of 5.12% based on a bid of 21.71 and a limitMaturity. Heavy trading, 186,754 shares, in a range of 21.65-22.49. New low of 21.65 today.<\/td>\n<\/tr>\n
RY.PR.D<\/td>\nPerpetualDiscount<\/td>\n-2.3684%<\/td>\nNow with a pre-tax bid-YTW of 5.09% based on a bid of 22.60 and a limitMaturity. New low of 22.40 today.<\/td>\n<\/tr>\n
GWO.PR.I<\/td>\nPerpetualDiscount<\/td>\n-2.2989%<\/td>\nNow with a pre-tax bid-YTW of 5.10% based on a bid of 22.10 and a limitMaturity. New low of 22.00 today.<\/td>\n<\/tr>\n
LFE.PR.A<\/td>\nSplitShare<\/td>\n-1.9324%<\/td>\nNow with a pre-tax bid-YTW of 4.98% based on a bid of 10.15 and a hardMaturity<\/a> 2012-12-1 at 10.00. New low of 10.15 today.<\/td>\n<\/tr>\n
FFN.PR.A<\/td>\nSplitShare<\/td>\n-1.8957%<\/td>\nNow with a pre-tax bid-YTW of 4.73% based on a bid of 10.35 and a hardMaturity 2014-12-1 at 10.00.<\/td>\n<\/tr>\n
BNS.PR.K<\/td>\nPerpetualPremium (for now!)<\/td>\n-1.8443%<\/td>\nNow with a pre-tax bid-YTW of 5.07% based on a bid of 23.95 and a limitMaturity. New low of 23.95 today.<\/td>\n<\/tr>\n
BCE.PR.R<\/td>\nFixFloat<\/td>\n-1.7370%<\/td>\nExchange\/Reset date is 2010-12-1 (exchanges with series ‘Q’, not issued); until then, pays 4.54% of par. New low of 20.00 today; closed at 19.80-00, 10×10.<\/td>\n<\/tr>\n
CM.PR.I<\/td>\nPerpetualDiscount<\/td>\n-1.7155%<\/td>\nNow with a pre-tax bid-YTW of 5.06% based on a bid of 23.49 and a limitMaturity. New low of 23.02 today.<\/td>\n<\/tr>\n
ALB.PR.A<\/td>\nSplitShare<\/td>\n-1.6348%<\/td>\nNow with a pre-tax bid-YTW of 4.68% based on a bid of 24.67 and a hardMaturity 2011-2-28 at 25.00. New low of 24.51 today.<\/td>\n<\/tr>\n
NA.PR.L<\/td>\nPerpetualPremium (for now!)<\/td>\n-1.6129%<\/td>\nNow with a pre-tax bid-YTW of 5.01% based on a bid of 24.40 and a limitMaturity. New low of 24.25 today.<\/td>\n<\/tr>\n
GWO.PR.H<\/td>\nPerpetualDiscount<\/td>\n-1.6122%<\/td>\nNow with a pre-tax bid-YTW of 5.09% based on a bid of 23.80 and a limitMaturity.<\/td>\n<\/tr>\n
CFS.PR.A<\/td>\nSplitShare<\/td>\n-1.6097%<\/td>\nNow with a pre-tax bid-YTW of 4.96% based on a bid of 9.78 and a hardMaturity 2012-1-31 at 10.00. New low of 9.78 today.<\/td>\n<\/tr>\n
SLF.PR.E<\/td>\nPerpetualDiscount<\/td>\n-1.5660%<\/td>\nNow with a pre-tax bid-YTW of 5.12% based on a bid of 22.00 and a limitMaturity. New low of 22.00 today.<\/td>\n<\/tr>\n
DFN.PR.A<\/td>\nSplitShare<\/td>\n-1.5444%<\/td>\nNow with a pre-tax bid-YTW of 4.97% based on a bid of 10.20 and a hardMaturity 2014-12-1 at 10.00. New low of 10.20 today.<\/td>\n<\/tr>\n
BNS.PR.M<\/td>\nPerpetualDiscount<\/td>\n-1.5378%<\/td>\nNow with a pre-tax bid-YTW of 5.10% based on a bid of 22.41 and a limitMaturity. New low of 22.40 today.<\/td>\n<\/tr>\n
RY.PR.C<\/td>\nPerpetualDiscount<\/td>\n-1.4236%<\/td>\nNow with a pre-tax bid-YTW of 5.07% based on a bid of 22.85 and a limitMaturity. New low of 22.75 today.<\/td>\n<\/tr>\n
TD.PR.O<\/td>\nPerpetualPremium (for now!)<\/td>\n-1.4028%<\/td>\nNow with a pre-tax bid-YTW of 4.98% based on a bid of 24.60 and a limitMaturity. New low of 24.01 today; traded in the range 24.01-96.<\/td>\n<\/tr>\n
BNS.PR.J<\/td>\nPerpetualPremium<\/td>\n-1.3592%<\/td>\nNow with a pre-tax bid-YTW of 5.10% based on a bid of 25.40 and a call 2013-11-28 at 25.00.<\/td>\n<\/tr>\n
LBS.PR.A<\/td>\nSplitShare<\/td>\n-1.3333%<\/td>\nNow with a pre-tax bid-YTW of 4.76% based on a bid of 10.36 and a hardMaturity 2013-11-29 at 10.00.<\/td>\n<\/tr>\n
RY.PR.F<\/td>\nPerpetualDiscount<\/td>\n-1.1947%<\/td>\nNow with a pre-tax bid-YTW of 5.08% based on a bid of 22.33 and a limitMaturity.<\/td>\n<\/tr>\n
RY.PR.G<\/td>\nPerpetualDiscount<\/td>\n-1.1905%<\/td>\nNow with a pre-tax bid-YTW of 5.08% based on a bid of 22.41 and a limitMaturity. New low of 22.38 today.<\/td>\n<\/tr>\n
AL.PR.E<\/td>\nFloater<\/td>\n-1.1806%<\/td>\nStill rated Under-Review: Developing<\/a> by DBRS<\/a> (rating is Pfd-2(low)).<\/td>\n<\/tr>\n
NA.PR.K<\/td>\nPerpetualPremium<\/td>\n-1.1628%<\/td>\nNow with a pre-tax bid-YTW of 5.51% (!) based on a bid of 25.50 and a call 2012-6-14 at 25.00. New low of 25.27 today.<\/td>\n<\/tr>\n
BNS.PR.L<\/td>\nPerpetualDiscount<\/td>\n-1.1424%<\/td>\nNow with a pre-tax bid-YTW of 5.06% based on a bid of 22.50 and a limitMaturity. New low of 22.35 today.<\/td>\n<\/tr>\n
BMO.PR.J<\/td>\nPerpetualDiscount<\/td>\n-1.0989%<\/td>\nNow with a pre-tax bid-YTW of 5.04% based on a bid of 22.50 and a limitMaturity. New low of 22.50 today.<\/td>\n<\/tr>\n
POW.PR.D<\/td>\nPerpetualDiscount<\/td>\n-1.0989%<\/td>\nNow with a pre-tax bid-YTW of 5.21% based on a bid of 24.30 and a limitMaturity. New low of 24.30 today.<\/td>\n<\/tr>\n
CM.PR.P<\/td>\nPerpetualPremium<\/td>\n-1.0277%<\/td>\nNow with a pre-tax bid-YTW of 5.47% based on a bid of 25.04 and a limitMaturity. New low of 25.02 today.<\/td>\n<\/tr>\n<\/table>\n

(are you depressed yet?)<\/p>\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
NA.PR.K<\/td>\nPerpetualPremium<\/td>\n236,000<\/td>\nScotia crossed 225,000 at 25.50, demonstrating the calming effects of institutional capital, as the issue dropped 1.1628% for a bid-YTW of 5.51% (!) based on a bid of 25.50 and a call 2012-6-14 at 25.00. New low of 25.27 today.<\/td>\n<\/tr>\n
SLF.PR.D<\/td>\nPerpetualDiscount<\/td>\n186,754<\/td>\nNow with a pre-tax bid-YTW of 5.12% based on a bid of 21.71 and a limitMaturity. New low of 21.65 today.<\/td>\n<\/tr>\n
ELF.PR.G<\/td>\nPerpetualDiscount<\/td>\n120,070<\/td>\nScotia crossed 100,000 at 22.25. Now with a pre-tax bid-YTW of 5.48% based on a bid of 22.00 and a limitMaturity.<\/td>\n<\/tr>\n
BNS.PR.M<\/td>\nPerpetualDiscount<\/td>\n95,212<\/td>\nNew low of 22.40 today. Now with a pre-tax bid-YTW of 5.10% based on a bid of 22.41 and a limitMaturity.<\/td>\n<\/tr>\n
RY.PR.K<\/td>\nOpRet<\/td>\n53,360<\/td>\nUp 0.0797% on the day. I love the pref market! Now with a pre-tax bid-YTW of 3.94% based on a bid of 25.10 and a call 2007-9-23 at $25.00.<\/td>\n<\/tr>\n<\/table>\n

There were forty-three 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-898","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/898","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=898"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/898\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=898"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=898"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=898"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}