{"id":915,"date":"2007-06-15T00:52:37","date_gmt":"2007-06-15T04:52:37","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=915"},"modified":"2007-06-15T00:52:37","modified_gmt":"2007-06-15T04:52:37","slug":"june-14-2007","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=915","title":{"rendered":"June 14, 2007"},"content":{"rendered":"

Well! The market appears to have decided that the end of the world is perhaps not quite as imminent as previously thought, with the perpetual indices up strongly today. BCE issues were also up big-time, perhaps influenced by the Rob Carrick article<\/a>.<\/p>\n

The perpetuals are still down on the week-to-date, however, and tomorrow’s US CPI number<\/a> could, potentially, have an effect. We’ll see.<\/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>\n5.57%<\/td>\n5.66%<\/td>\n30,671<\/td>\n14.58<\/td>\n2<\/td>\n+0.1329%<\/td>\n955.8<\/td>\n<\/tr>\n
Fixed-Floater<\/td>\n5.62%<\/td>\n5.76%<\/td>\n134,995<\/td>\n14.62<\/td>\n7<\/td>\n+1.5985%<\/td>\n894.1<\/td>\n<\/tr>\n
Floater<\/td>\n4.84%<\/td>\n3.81%<\/td>\n94,684<\/td>\n0.54<\/td>\n3<\/td>\n-0.2389%<\/td>\n1,046.8<\/td>\n<\/tr>\n
Op. Retract<\/td>\n4.82%<\/td>\n3.87%<\/td>\n86,133<\/td>\n3.39<\/td>\n17<\/td>\n+0.1243%<\/td>\n1,021.5<\/td>\n<\/tr>\n
Split-Share<\/td>\n5.04%<\/td>\n4.66%<\/td>\n172,499<\/td>\n4.01<\/td>\n15<\/td>\n+0.4056%<\/td>\n1,039.6<\/td>\n<\/tr>\n
Interest Bearing<\/td>\n6.71%<\/td>\n6.91%<\/td>\n89,989<\/td>\n6.13<\/td>\n4<\/td>\n-0.1916%<\/td>\n1,032.4<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.44%<\/td>\n5.24%<\/td>\n149,546<\/td>\n9.16<\/td>\n34<\/td>\n+0.3925%<\/td>\n1,012.8<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.11%<\/td>\n5.15%<\/td>\n543,583<\/td>\n15.23<\/td>\n29<\/td>\n+1.0233%<\/td>\n954.6<\/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
Major Price Changes<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
BAM.PR.I<\/td>\nOpRet<\/td>\n-1.2177%<\/td>\nNow with a pre-tax bid-YTW of 3.31% based on a bid of 26.77 and a call 2009-7-30 at 25.75. The market is obviously hoping for a softMaturity<\/a> 2013-12-30 at 25.00, to yield 4.24%.<\/td>\n<\/tr>\n
RY.PR.A<\/td>\nPerpetualDiscount<\/td>\n+1.0027%<\/td>\nNow with a pre-tax bid-YTW of 5.06% based on a bid of 22.16 and a limitMaturity<\/a>.<\/td>\n<\/tr>\n
BCE.PR.Z<\/td>\nFixFloat<\/td>\n+1.0733%<\/td>\n\u00a0<\/td>\n<\/tr>\n
BNS.PR.L<\/td>\nPerpetualDiscount<\/td>\n+1.0806%<\/td>\nNow with a pre-tax bid-YTW of 5.08% based on a bid of 22.45 and a limitMaturity.<\/td>\n<\/tr>\n
RY.PR.D<\/td>\nPerpetualDiscount<\/td>\n+1.0904%<\/td>\nNow with a pre-tax bid-YTW of 5.10% based on a bid of 22.25 and a limitMaturity.<\/td>\n<\/tr>\n
RY.PR.B<\/td>\nPerpetualDiscount<\/td>\n+1.1394%<\/td>\nNow with a pre-tax bid-YTW of 5.13% based on a bid of 23.08 and a limitMaturity.<\/td>\n<\/tr>\n
CM.PR.P<\/td>\nPerpetualPremium<\/td>\n+1.1549%<\/td>\nNow with a pre-tax bid-YTW of 5.35% based on a bid of 25.40 and a call 2012-11-28 at 25.00<\/td>\n<\/tr>\n
SLF.PR.D<\/td>\nPerpetualDiscount<\/td>\n+1.1628%<\/td>\nNow with a pre-tax bid-YTW of 5.13% based on a bid of 21.75 and a limitMaturity.<\/td>\n<\/tr>\n
MFC.PR.C<\/td>\nPerpetualDiscount<\/td>\n+1.1664%<\/td>\nNow with a pre-tax bid-YTW of 5.01% based on a bid of 22.55 and a limitMaturity.<\/td>\n<\/tr>\n
RY.PR.W<\/td>\nPerpetualPremium<\/td>\n+1.2392%<\/td>\nNow with a pre-tax bid-YTW of 5.03% based on a bid of 24.51 and a limitMaturity.<\/td>\n<\/tr>\n
POW.PR.D<\/td>\nPerpetualDiscount<\/td>\n+1.2500%<\/td>\nNow with a pre-tax bid-YTW of 5.22% based on a bid of 24.30 and a limitMaturity.<\/td>\n<\/tr>\n
RY.PR.C<\/td>\nPerpetualDiscount<\/td>\n+1.3387%<\/td>\nNow with a pre-tax bid-YTW of 5.11% based on a bid of 22.71 and a limitMaturity.<\/td>\n<\/tr>\n
GWO.PR.I<\/td>\nPerpetualDiscount<\/td>\n+1.3761%<\/td>\nNow with a pre-tax bid-YTW of 5.10% based on a bid of 22.10 and a limitMaturity.<\/td>\n<\/tr>\n
RY.PR.E<\/td>\nPerpetualDiscount<\/td>\n+1.4473%<\/td>\nNow with a pre-tax bid-YTW of 5.06% based on a bid of 22.43 and a limitMaturity.<\/td>\n<\/tr>\n
CM.PR.J<\/td>\nPerpetualDiscount<\/td>\n+1.4605%<\/td>\nNow with a pre-tax bid-YTW of 5.13% based on a bid of 22.23 and a limitMaturity.<\/td>\n<\/tr>\n
BNS.PR.M<\/td>\nPerpetualDiscount<\/td>\n+1.4939%<\/td>\nNow with a pre-tax bid-YTW of 5.11% based on a bid of 22.42 and a limitMaturity.<\/td>\n<\/tr>\n
SLF.PR.E<\/td>\nPerpetualDiscount<\/td>\n+1.6092%<\/td>\nNow with a pre-tax bid-YTW of 5.10% based on a bid of 22.10 and a limitMaturity.<\/td>\n<\/tr>\n
MFC.PR.B<\/td>\nPerptualDiscount<\/td>\n+1.6579%<\/td>\nNow with a pre-tax bid-YTW of 5.00% based on a bid of 23.30 and a limitMaturity.<\/td>\n<\/tr>\n
ELF.PR.F<\/td>\nPerpetualPremium<\/td>\n+1.7059%<\/td>\nNow with a pre-tax bid-YTW of 5.37% based on a bid of 25.04 and a limitMaturity.<\/td>\n<\/tr>\n
PWF.PR.F<\/td>\nPerpetualPremium<\/td>\n+1.7886%<\/td>\nNow with a pre-tax bid-YTW of 5.30% based on a bid of 25.04 and a limitMaturity.<\/td>\n<\/tr>\n
PWF.PR.K<\/td>\nPerpetualDiscount<\/td>\n+1.9533%<\/td>\nNow with a pre-tax bid-YTW of 5.22% based on a bid of 24.01 and a limitMaturity.<\/td>\n<\/tr>\n
RY.PR.F<\/td>\nPerpetualDiscount<\/td>\n+1.9761%<\/td>\nNow with a pre-tax bid-YTW of 5.12% based on a bid of 22.19 and a limitMaturity.<\/td>\n<\/tr>\n
CM.PR.H<\/td>\nPerpetualDiscount<\/td>\n+2.1341%<\/td>\nNow with a pre-tax bid-YTW of 5.18% based on a bid of 23.45 and a limitMaturity.<\/td>\n<\/tr>\n
BCE.PR.G<\/td>\nFixFloat<\/td>\n+2.1990%<\/td>\n\u00a0<\/td>\n<\/tr>\n
BNS.PR.K<\/td>\nPerpetualPremium (for now!)<\/td>\n+2.3077%<\/td>\nNow with a pre-tax bid-YTW of 5.08% based on a bid of 23.94 and a limitMaturity.<\/td>\n<\/tr>\n
BNA.PR.C<\/td>\nSplitShare<\/td>\n+2.7601%<\/td>\nNow with a pre-tax bid-YTW of 4.75% based on a bid of 24.20 and a hardMaturity 2019-1-10 at 25.00.<\/td>\n<\/tr>\n
BCE.PR.R<\/td>\nFixFloat<\/td>\n+2.7607%<\/td>\n\u00a0<\/td>\n<\/tr>\n
BCE.PR.I<\/td>\nFixFloat<\/td>\n+5.1536%<\/td>\n\u00a0<\/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.J<\/td>\nPerpetualDiscount<\/td>\n241,535<\/td>\nScotia crossed 15,000 at 22.15. Now with a pre-tax bid-YTW of 5.12% based on a bid of 22.18 and a limitMaturity.<\/td>\n<\/tr>\n
CIU.PR.A<\/td>\nPerpetualDiscount<\/td>\n208,500<\/td>\nNesbitt crossed 150,000 at 23.00, then another 50,000 at the same price. Now with a pre-tax bid-YTW of 5.03% based on a bid of 23.00 and a limitMaturity.<\/td>\n<\/tr>\n
RY.PR.G<\/td>\nPerpetualDiscount<\/td>\n163,850<\/td>\nNesbitt bought 14,600 from Anonymous at 22.10; Desjardins crossed 23,900 at 22.11. Now with a pre-tax bid-YTW of 5.14% based on a bid of 22.20 and a limitMaturity.<\/td>\n<\/tr>\n
SLF.PR.D<\/td>\nPerpetualDiscount<\/td>\n94,316<\/td>\nNow with a pre-tax bid-YTW of 5.13% based on a bid of 21.75 and a limitMaturity.<\/td>\n<\/tr>\n
CM.PR.H<\/td>\nPerpetualDiscount<\/td>\n69,050<\/td>\nNow with a pre-tax bid-YTW of 5.18% based on a bid of 23.45 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":"

Well! The market appears to have decided that the end of the world is perhaps not quite as imminent as previously thought, with the perpetual indices up strongly today. BCE issues were also up big-time, …<\/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-915","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/915","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=915"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/915\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=915"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=915"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=915"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}