{"id":903,"date":"2007-06-08T23:31:22","date_gmt":"2007-06-09T03:31:22","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=903"},"modified":"2007-06-08T23:31:22","modified_gmt":"2007-06-09T03:31:22","slug":"june-8-2007","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=903","title":{"rendered":"June 8, 2007"},"content":{"rendered":"
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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>\n5.48%<\/td>\n5.55%<\/td>\n31,899<\/td>\n14.75<\/td>\n2<\/td>\n0.0000%<\/td>\n956.6<\/td>\n<\/tr>\n
Fixed-Floater<\/td>\n5.71%<\/td>\n5.75%<\/td>\n138,792<\/td>\n14.65<\/td>\n7<\/td>\n-0.6250%<\/td>\n880.6<\/td>\n<\/tr>\n
Floater<\/td>\n4.80%<\/td>\n1.22%<\/td>\n90,649<\/td>\n11.19<\/td>\n3<\/td>\n0.2815%<\/td>\n1,047.7<\/td>\n<\/tr>\n
Op. Retract<\/td>\n4.81%<\/td>\n3.87%<\/td>\n85,775<\/td>\n3.18<\/td>\n17<\/td>\n-0.0365%<\/td>\n1,021.7<\/td>\n<\/tr>\n
Split-Share<\/td>\n5.06%<\/td>\n4.79%<\/td>\n181,274<\/td>\n4.19<\/td>\n15<\/td>\n+0.2501%<\/td>\n1,034.3<\/td>\n<\/tr>\n
Interest Bearing<\/td>\n6.64%<\/td>\n6.77%<\/td>\n89,527<\/td>\n6.12<\/td>\n4<\/td>\n-0.0994%<\/td>\n1,037.4<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.43%<\/td>\n5.22%<\/td>\n142,551<\/td>\n8.23<\/td>\n34<\/td>\n-0.2542%<\/td>\n1,013.3<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.09%<\/td>\n5.13%<\/td>\n557,808<\/td>\n15.28<\/td>\n29<\/td>\n-0.6872%<\/td>\n958.1<\/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
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-2.5941%<\/td>\nExchange\/Reset date is 2011-5-1 (exchanges with BCE.PR.H); until then, pays 4.35% of par. Closed at 19.15-58, 13×5; the Hs closed at 22.75-00, 20×25. Let’s look at the math: The Gs pay $1.0875 p.a for (let’s call it) 4 years. That’s $4.35. Therefore, to be worth $3.00 more per share (and ignoring time-value of money), the Gs must pay a total of $7.35. That’s $1.8375 p.a., or 7.35% of par. Hmm … I guess the market figures that Canadian Prime’s going up … and staying up … right?<\/td>\n<\/tr>\n
CIU.PR.A<\/td>\nPerpetualDiscount<\/td>\n-2.5424%<\/td>\nNow with a pre-tax bid-YTW of 5.03% based on a bid of 23.00 and a limitMaturity. New low of 22.75 today.<\/td>\n<\/tr>\n
BCE.PR.R<\/td>\nFixFloat<\/td>\n-2.2727%<\/td>\nExchange\/Reset date is 2010-12-1 (exchanges with series ‘Q’, not issued); until then, pays 4.54% of par. New low of 19.32 today; closed at 19.35-72, 13×6.<\/td>\n<\/tr>\n
MFC.PR.B<\/td>\nPerpetualDiscount<\/td>\n-2.1053%<\/td>\nNow with a pre-tax bid-YTW of 5.01% based on a bid of 23.25 and a limitMaturity. Traded in a range of 22.81-75 today; the 22.81 was a new low.<\/td>\n<\/tr>\n
BAM.PR.M<\/td>\nPerpetualDiscount<\/td>\n-1.8094%<\/td>\nNow with a pre-tax bid-YTW of 5.44% based on a bid of 22.25 and a limitMaturity. New low of 22.25 today.<\/td>\n<\/tr>\n
CM.PR.J<\/td>\nPerpetualDiscount<\/td>\n-1.7333%<\/td>\nNow with a pre-tax bid-YTW of 5.15% based on a bid of 22.11 and a limitMaturity. New low of 22.02 today.<\/td>\n<\/tr>\n
SLF.PR.B<\/td>\nPerpetualDiscount<\/td>\n-1.6842%<\/td>\nNow with a pre-tax bid-YTW of 5.14% based on a bid of 23.35 and a limitMaturity. New low of 23.01 today.<\/td>\n<\/tr>\n
CU.PR.A<\/td>\nPerpetualPremium<\/td>\n-1.6471%<\/td>\nNow with a pre-tax bid-YTW of 5.79% based on a bid of 25.08 and a call 2012-3-31 at 25.00. New low of 25.26 today.<\/td>\n<\/tr>\n
BCE.PR.I<\/td>\nFixFloat<\/td>\n-1.4646%<\/td>\nExchange\/Reset date is 2011-8-1 (exchanges with series ‘AJ’, not issued); until then, pays 4.65% of par. Closed at 19.51-69, 1×2; new low of 19.25 today.<\/td>\n<\/tr>\n
RY.PR.E<\/td>\nPerpetualDiscount<\/td>\n-1.4197%<\/td>\nNow with a pre-tax bid-YTW of 5.10% based on a bid of 22.22 and a limitMaturity. New low of 22.07 today.<\/td>\n<\/tr>\n
BNS.PR.K<\/td>\nPerpetualPremium (for now!)<\/td>\n-1.3779%<\/td>\nNow with a pre-tax bid-YTW of 5.14% based on a bid of 23.62 and a limitMaturity. New low of 23.51 today.<\/td>\n<\/tr>\n
BMO.PR.J<\/td>\nPerpetualDiscount<\/td>\n-1.3333%<\/td>\nNow with a pre-tax bid-YTW of 5.11% based on a bid of 22.20 and a limitMaturity. New low of 21.87 today.<\/td>\n<\/tr>\n
BAM.PR.N<\/td>\nPerpetualDiscount<\/td>\n-1.3216%<\/td>\nNow with a pre-tax bid-YTW of 5.37% based on a bid of 22.40 and a limitMaturity. New low of 22.25 today … tick … tick … tick … <\/a>.<\/td>\n<\/tr>\n
SLF.PR.A<\/td>\nPerpetualDiscount<\/td>\n-1.3108%<\/td>\nNow with a pre-tax bid-YTW of 5.09% based on a bid of 23.34 and a limitMaturity. New low of 23.32 today.<\/td>\n<\/tr>\n
CM.PR.I<\/td>\nPerpetualDiscount<\/td>\n-1.2346%<\/td>\nNow with a pre-tax bid-YTW of 5.13% based on a bid of 23.20 and a limitMaturity. New low of 23.01 today.<\/td>\n<\/tr>\n
BMO.PR.H<\/td>\nPerpetualPremium<\/td>\n-1.1719%<\/td>\nNow with a pre-tax bid-YTW of 5.13% based on a bid of 25.30 and a call 2013-3-27 at 25.00. New low of 24.75 today.<\/td>\n<\/tr>\n
NA.PR.L<\/td>\nPerpetualPremium (for now!)<\/td>\n-1.1475%<\/td>\nNow with a pre-tax bid-YTW of 5.07% based on a bid of 24.12 and a limitMaturity. New low of 24.12 today.<\/td>\n<\/tr>\n
RY.PR.A<\/td>\nPerpetualDiscount<\/td>\n-1.0989%<\/td>\nNow with a pre-tax bid-YTW of 4.98% based on a bid of 22.50 and a limitMaturity. New low of 21.82 today.<\/td>\n<\/tr>\n
IAG.PR.A<\/td>\nPerpetualDiscount<\/td>\n-1.0638%<\/td>\nNow with a pre-tax bid-YTW of 4.95% based on a bid of 23.25 and a limitMaturity. New low of 22.75 today.<\/td>\n<\/tr>\n
ALB.PR.A<\/td>\nSplitShare<\/td>\n+1.1755%<\/td>\nNow with a pre-tax bid-YTW of 4.34% based on a bid of 24.96 and a hardMaturity 2011-2-28.<\/td>\n<\/tr>\n
GWO.PR.E<\/td>\nOpRet<\/td>\n+1.3433%<\/td>\nNow with a pre-tax bid-YTW of 3.92% based on a bid of 25.65 and a call 2011-4-30 at 25.00.<\/td>\n<\/tr>\n
DFN.PR.A<\/td>\nSplitShare<\/td>\n+1.4706%<\/td>\nNow with a pre-tax bid-YTW of 4.73% based on a bid of 10.35 and a hardMaturity<\/a> 2014-12-1 at 10.00.<\/td>\n<\/tr>\n
SBN.PR.A<\/td>\nSplitShare<\/td>\n+1.5702%<\/td>\nNow with a pre-tax bid-YTW of 4.79% based on a bid of 10.35 and a hardMaturity 2014-12-1 at 10.00.<\/td>\n<\/tr>\n<\/table>\n

\u00a0<\/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
SLF.PR.A<\/td>\nPerpetualDiscount<\/td>\n51,020<\/td>\nNow with a pre-tax bid-YTW of 5.09% based on a bid of 23.34 and a limitMaturity.<\/td>\n<\/tr>\n
HSB.PR.D<\/td>\nPerpetualPremium<\/td>\n43,400<\/td>\nNow with a pre-tax bid-YTW of 4.87% based on a bid of 25.50 and a call 2015-1-30 at 25.00.<\/td>\n<\/tr>\n
CM.PR.I<\/td>\nPerpetualDiscount<\/td>\n43,124<\/td>\nNow with a pre-tax bid-YTW of 5.13% based on a bid of 23.20 and a limitMaturity.<\/td>\n<\/tr>\n
CIU.PR.A<\/td>\nPerpetualDiscount<\/td>\n38,750<\/td>\nNow with a pre-tax bid-YTW of 5.03% based on a bid of 23.00 and a limitMaturity.<\/td>\n<\/tr>\n
CM.PR.G<\/td>\nPerpetualDiscount<\/td>\n38,180<\/td>\nNow with a pre-tax bid-YTW of 5.37% based on a bid of 25.25 and a call 2014-5-31 at 25.00<\/td>\n<\/tr>\n<\/table>\n

There were thirty-nine 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-903","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/903","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=903"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/903\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=903"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=903"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=903"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}