{"id":912,"date":"2007-06-12T23:57:32","date_gmt":"2007-06-13T03:57:32","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=912"},"modified":"2007-06-12T23:57:32","modified_gmt":"2007-06-13T03:57:32","slug":"june-12-2007","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=912","title":{"rendered":"June 12, 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>\n5.55%<\/td>\n5.63%<\/td>\n30,022<\/td>\n14.62<\/td>\n2<\/td>\n+0.2453%<\/td>\n952.4<\/td>\n<\/tr>\n
Fixed-Floater<\/td>\n5.71%<\/td>\n5.80%<\/td>\n137,256<\/td>\n14.57<\/td>\n7<\/td>\n+0.2243%<\/td>\n880.4<\/td>\n<\/tr>\n
Floater<\/td>\n4.80%<\/td>\n1.22%<\/td>\n94,593<\/td>\n11.17<\/td>\n3<\/td>\n-0.0532%<\/td>\n1,047.3<\/td>\n<\/tr>\n
Op. Retract<\/td>\n4.81%<\/td>\n3.90%<\/td>\n86,802<\/td>\n3.42<\/td>\n17<\/td>\n+0.1685%<\/td>\n1,020.5<\/td>\n<\/tr>\n
Split-Share<\/td>\n5.08%<\/td>\n4.89%<\/td>\n175,667<\/td>\n4.40<\/td>\n15<\/td>\n-0.2735%<\/td>\n1,030.9<\/td>\n<\/tr>\n
Interest Bearing<\/td>\n6.66%<\/td>\n6.83%<\/td>\n89,405<\/td>\n6.11<\/td>\n4<\/td>\n-0.3383%<\/td>\n1,035.4<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.46%<\/td>\n5.28%<\/td>\n145,276<\/td>\n9.68<\/td>\n34<\/td>\n-0.4456%<\/td>\n1,007.3<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.17%<\/td>\n5.21%<\/td>\n543,321<\/td>\n15.13<\/td>\n29<\/td>\n-0.8766%<\/td>\n943.3<\/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
Major Price Changes<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
ELF.PR.F<\/td>\nPerpetualPremium (for now!)<\/td>\n-2.5948%<\/td>\nNew low of 24.75 today – closed at 24.40-10, 1×8. Now with a pre-tax bid-YTW of 5.51% based on a bid of 24.40 and a limitMaturity<\/a>.<\/td>\n<\/tr>\n
RY.PR.C<\/td>\nPerpetualDiscount<\/td>\n-2.4702%<\/td>\nNew low of 22.30 today – closed at 22.11-30, 10×20. Now with a pre-tax bid-YTW of 5.25% based on a bid of 22.11 and a limitMaturity.<\/td>\n<\/tr>\n
SLF.PR.A<\/td>\nPerpetualDiscount<\/td>\n-2.3266%<\/td>\nNow with a pre-tax bid-YTW of 5.25% based on a bid of 22.67 and a limitMaturity.<\/td>\n<\/tr>\n
SLF.PR.E<\/td>\nPerpetualDiscount<\/td>\n-2.2676%<\/td>\nNew low of 21.60 today – closed at 21.55-60, 10×12. Now with a pre-tax bid-YTW of 5.22% based on a bid of 21.55 and a limitMaturity.<\/td>\n<\/tr>\n
NA.PR.K<\/td>\nPerpetualPremium<\/td>\n-2.2264%<\/td>\nUnwinding some of yesterday’s ill-gotten gains<\/a>. Now with a pre-tax bid-YTW of 5.15% based on a bid of 25.91 and a call 2012-6-14 at 25.00.<\/td>\n<\/tr>\n
RY.PR.F<\/td>\nPerpetualDiscount<\/td>\n-2.2022%<\/td>\nNew low of 21.60 today. Now with a pre-tax bid-YTW of 5.22% based on a bid of 21.76 and a limitMaturity.<\/td>\n<\/tr>\n
RY.PR.B<\/td>\nPerpetualDiscount<\/td>\n-1.9397%<\/td>\nNew low of 22.75 today. Closed at 22.75-89, 25×3. Now with a pre-tax bid-YTW of 5.21% based on a bid of 22.75 and a limitMaturity.<\/td>\n<\/tr>\n
SLF.PR.B<\/td>\nPerpetualDiscount<\/td>\n-1.6309%<\/td>\nNew low of 22.85 today. Now with a pre-tax bid-YTW of 5.24% based on a bid of 22.92 and a limitMaturity.<\/td>\n<\/tr>\n
FTU.PR.A<\/td>\nSplitShare<\/td>\n-1.5640%<\/td>\nNow with a pre-tax bid-YTW of 5.16% based on a bid of 10.07 and a hardMaturity<\/a> 2012-12-1 at $10.00.<\/td>\n<\/tr>\n
BNS.PR.M<\/td>\nPerpetualDiscount<\/td>\n-1.5281%<\/td>\nNew low of 21.92 today – closed at 21.91-10, 10×14. Now with a pre-tax bid-YTW of 5.23% based on a bid of 21.91 and a limitMaturity.<\/td>\n<\/tr>\n
RY.PR.A<\/td>\nPerpetualDiscount<\/td>\n-1.5206%<\/td>\nNow with a pre-tax bid-YTW of 5.09% based on a bid of 22.02 and a limitMaturity.<\/td>\n<\/tr>\n
POW.PR.D<\/td>\nPerpetualDiscount<\/td>\n-1.4433%<\/td>\nNew low of 23.90 today – closed at 23.90-29, 9×2. Now with a pre-tax bid-YTW of 5.31% based on a bid of 23.90 and a limitMaturity.<\/td>\n<\/tr>\n
BAM.PR.N<\/td>\nPerpetualDiscount<\/td>\n-1.3964%<\/td>\nNew low of 21.90 today – closed at 21.89-00, 10×10. Now with a pre-tax bid-YTW of 5.50% based on a bid of 21.89 and a limitMaturity.<\/td>\n<\/tr>\n
W.PR.H<\/td>\nPerpetualDiscount<\/td>\n-1.3861%<\/td>\nNow with a pre-tax bid-YTW of 5.52% based on a bid of 24.90 and a limitMaturity.<\/td>\n<\/tr>\n
RY.PR.G<\/td>\nPerpetualDiscount<\/td>\n-1.3833%<\/td>\nNew low of 22.10 today – closed at 22.10-26, 9×26. Now with a pre-tax bid-YTW of 5.16% based on a bid of 22.10 and a limitMaturity.<\/td>\n<\/tr>\n
NA.PR.L<\/td>\nPerpetualDiscount<\/td>\n-1.3485%<\/td>\nNew low of 23.23 today. Now with a pre-tax bid-YTW of 5.23% based on a bid of 23.41 and a limitMaturity.<\/td>\n<\/tr>\n
BMO.PR.J<\/td>\nPerpetualDiscount<\/td>\n-1.3122%<\/td>\nNew low of 21.80 today – closed at 21.81-00, 2×13. Now with a pre-tax bid-YTW of 5.20% based on a bid of 21.81 and a limitMaturity.<\/td>\n<\/tr>\n
PWF.PR.F<\/td>\nPerpetualPremium (for now!)<\/td>\n-1.2048%<\/td>\nNew low of 24.45 today. Now with a pre-tax bid-YTW of 5.40% based on a bid of 24.60 and a limitMaturity.<\/td>\n<\/tr>\n
CM.PR.J<\/td>\nPerpetualDiscount<\/td>\n-1.1722%<\/td>\nNew low of 21.91 today – closed at 21.92-00, 6×51. Now with a pre-tax bid-YTW of 5.20% based on a bid of 21.92 and a limitMaturity.<\/td>\n<\/tr>\n
SLF.PR.D<\/td>\nPerpetualDiscount<\/td>\n-1.1034%<\/td>\nNew low of 21.50 today – closed at 21.51-80, 7×5. Now with a pre-tax bid-YTW of 5.19% based on a bid of 21.51 and a limitMaturity.<\/td>\n<\/tr>\n
BNS.PR.K<\/td>\nPerpetualDiscount<\/td>\n-1.0616%<\/td>\nNew low of 23.30 today. Now with a pre-tax bid-YTW of 5.22% based on a bid of 23.30 and a limitMaturity<\/td>\n<\/tr>\n
RY.PR.W<\/td>\nPerpetualPremium (for now!)<\/td>\n-1.0200%<\/td>\nNew low of 23.50 today … closed at 24.26-41, 3×23. Now with a pre-tax bid-YTW of 5.09% based on a bid of 24.26 and a limitMaturity.<\/td>\n<\/tr>\n
BCE.PR.I<\/td>\nFixFloat<\/td>\n+1.0256%<\/td>\nExchange\/Reset date is 2011-8-1 (Exchanges with series ‘AJ’, not issued); until then, pays 4.65% of par. Closed at 19.70-90, 6×2.<\/td>\n<\/tr>\n
TCA.PR.Y<\/td>\nPerpetualPremium<\/td>\n+1.3592%<\/td>\nNational Bank bought most of the 5,515 shares traded today. Now with a pre-tax bid-YTW of 4.97% based on a bid of 52.20 and a call 2014-4-4 at 50.00<\/td>\n<\/tr>\n
BCE.PR.R<\/td>\nFixFloat<\/td>\n+1.3613%<\/td>\nExchange\/Reset date is 2010-12-1 (Exchanges with series ‘Q’, not issued); until then, pays 4.54% of par. New low of 19.05 today. Closed at 19.36-85, 5×1.<\/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
BMO.PR.H<\/td>\nPerpetualPremium<\/td>\n109,767<\/td>\nDesjardins crossed two lots of 50,000 each at 25.11. Now with a pre-tax bid-YTW of 5.22% based on a bid of 25.10 and a limitMaturity.<\/td>\n<\/tr>\n
CM.PR.C<\/td>\nPerpetualPremium<\/td>\n101,780<\/td>\nWill be redeemed<\/a> for $26.00 on July 31. RBC bought 89,700 from Nesbitt, all but 1,400 at 26.20, in nine tranches in the last ten minutes of the day.<\/td>\n<\/tr>\n
BAM.PR.K<\/td>\nFloater<\/td>\n100,275<\/td>\nTD crossed 98,100 at 24.86.<\/td>\n<\/tr>\n
NA.PR.K<\/td>\nPerpetualPremium<\/td>\n31,712<\/td>\nSee “Major Price Changes”, above.<\/td>\n<\/tr>\n
BMO.PR.J<\/td>\nPerpetualDiscount<\/td>\n25,900<\/td>\nSee “Major Price Changes”, above.<\/td>\n<\/tr>\n<\/table>\n

There were thirty-one 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-912","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/912","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=912"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/912\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}