{"id":913,"date":"2007-06-13T23:36:49","date_gmt":"2007-06-14T03:36:49","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=913"},"modified":"2007-06-13T23:36:49","modified_gmt":"2007-06-14T03:36:49","slug":"june-13-2007","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=913","title":{"rendered":"June 13, 2007"},"content":{"rendered":"

I know many readers will be shocked to hear this … but the perpetual indices actually recorded positive performance today! Yup, the perpetualPremium index was up for the first time since May 25<\/a> and the perpetualDiscount index is up for the first day since May 8<\/a>. Not only that, but the list of “big price movers” is actually of manageable length … which is a source of relief for me, whatever the readers might think!<\/p>\n

\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>\n5.56%<\/td>\n5.64%<\/td>\n30,269<\/td>\n14.61<\/td>\n2<\/td>\n+0.2222%<\/td>\n954.5<\/td>\n<\/tr>\n
Fixed-Floater<\/td>\n5.71%<\/td>\n5.83%<\/td>\n134,797<\/td>\n14.54<\/td>\n7<\/td>\n-0.0431%<\/td>\n880.0<\/td>\n<\/tr>\n
Floater<\/td>\n4.83%<\/td>\n1.18%<\/td>\n94,206<\/td>\n5.89<\/td>\n3<\/td>\n+0.1933%<\/td>\n1,049.3<\/td>\n<\/tr>\n
Op. Retract<\/td>\n4.82%<\/td>\n3.91%<\/td>\n86,605<\/td>\n3.42<\/td>\n17<\/td>\n-0.0212%<\/td>\n1,020.3<\/td>\n<\/tr>\n
Split-Share<\/td>\n5.06%<\/td>\n4.75%<\/td>\n174,497<\/td>\n4.18<\/td>\n15<\/td>\n+0.4364%<\/td>\n1,035.4<\/td>\n<\/tr>\n
Interest Bearing<\/td>\n6.84%<\/td>\n6.84%<\/td>\n90,779<\/td>\n6.13<\/td>\n4<\/td>\n-0.1072%<\/td>\n1,034.3<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.46%<\/td>\n5.26%<\/td>\n147,526<\/td>\n9.70<\/td>\n34<\/td>\n+0.1554%<\/td>\n1,008.9<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.16%<\/td>\n5.21%<\/td>\n538,291<\/td>\n15.15<\/td>\n29<\/td>\n+0.1766%<\/td>\n945.0<\/td>\n<\/tr>\n<\/table>\n<\/div>\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.I<\/td>\nFixFloat<\/td>\n-2.4873%<\/td>\nExchange\/Reset date is 2011-8-1 (exchanges with series ‘AJ’, not issued); until then, pays 4.65% of par. The bid just disappeared, as the closing quote was 19.21-94, 5×5. 52-week low is 19.25.<\/td>\n<\/tr>\n
BCE.PR.R<\/td>\nFixFloat<\/td>\n+1.0331%<\/td>\nExchange\/Reset date is 2010-12-1 (exchanges with series ‘Q’, not issued); until then, pays 4.54% of par. Closed at 19.56-09, 3×5.<\/td>\n<\/tr>\n
LFE.PR.A<\/td>\nSplitShare<\/td>\n+1.1650%<\/td>\nNow with a pre-tax bid-YTW of 4.43% based on a bid of 10.42 and a hardMaturity<\/a> 2012-12-1 at 10.00.<\/td>\n<\/tr>\n
SLF.PR.A<\/td>\nPerpetualDiscount<\/td>\n+1.2351%<\/td>\nNow with a pre-tax bid-YTW of 5.18% based on a bid of 22.95 and a limitMaturity<\/a>.<\/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
CM.PR.C<\/td>\nPerpetualPremium<\/td>\n105,450<\/td>\nWill be redeemed<\/a> for $26.00 July 31.<\/td>\n<\/tr>\n
RY.PR.D<\/td>\nPerpetualDiscount<\/td>\n90,350<\/td>\nRBC crossed 30,000 at 21.95, then another 10,000 at the same price. Now with a pre-tax bid-YTW of 5.16% based on a bid of 22.01 and a limitMaturity.<\/td>\n<\/tr>\n
SLF.PR.B<\/td>\nPerpetualDiscount<\/td>\n73,496<\/td>\nNesbitt crossed 60,000 at 23.05. Now with a pre-tax bid-YTW of 5.22% based on a bid of 23.03 and a limitMaturity.<\/td>\n<\/tr>\n
RY.PR.B<\/td>\nPerpetualDiscount<\/td>\n72,216<\/td>\nScotia crossed 49,500 at 22.95. Now with a pre-tax bid-YTW of 5.19% based on a bid of 22.82 and a limitMaturity.<\/td>\n<\/tr>\n
BMO.PR.H<\/td>\nPerpetualPremium<\/td>\n56,620<\/td>\nScotia crossed 50,000 at 25.18. Now with a pre-tax bid-YTW of 5.21% based on a bid of 25.15 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.\n<\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

I know many readers will be shocked to hear this … but the perpetual indices actually recorded positive performance today! Yup, the perpetualPremium index was up for the first time since May 25 and the …<\/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-913","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/913","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=913"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/913\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=913"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=913"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=913"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}