{"id":926,"date":"2007-06-18T23:40:13","date_gmt":"2007-06-19T03:40:13","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=926"},"modified":"2007-06-18T23:40:13","modified_gmt":"2007-06-19T03:40:13","slug":"june-18-2007","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=926","title":{"rendered":"June 18, 2007"},"content":{"rendered":"

A relatively quiet day. Canadian bonds were down a bit, US bonds up a bit (I’m speaking in terms of prices!). There might be some excitement tomorrow with the CPI Number<\/a>.<\/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>\n5.61%<\/td>\n5.71%<\/td>\n30,321<\/td>\n14.35<\/td>\n2<\/td>\n-0.3058%<\/td>\n955.8<\/td>\n<\/tr>\n
Fixed-Floater<\/td>\n5.60%<\/td>\n5.78%<\/td>\n135,619<\/td>\n14.58<\/td>\n7<\/td>\n-0.4424%<\/td>\n897.8<\/td>\n<\/tr>\n
Floater<\/td>\n4.83%<\/td>\n2.78%<\/td>\n92,011<\/td>\n5.88<\/td>\n3<\/td>\n-0.3068%<\/td>\n1,048.0<\/td>\n<\/tr>\n
Op. Retract<\/td>\n4.82%<\/td>\n3.92%<\/td>\n85,402<\/td>\n3.32<\/td>\n17<\/td>\n-0.1928%<\/td>\n1,020.8<\/td>\n<\/tr>\n
Split-Share<\/td>\n5.04%<\/td>\n4.67%<\/td>\n169,579<\/td>\n4.00<\/td>\n15<\/td>\n-0.0355%<\/td>\n1,039.7<\/td>\n<\/tr>\n
Interest Bearing<\/td>\n6.76%<\/td>\n7.05%<\/td>\n89,491<\/td>\n6.11<\/td>\n4<\/td>\n-0.5285%<\/td>\n1,025.9<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.42%<\/td>\n5.22%<\/td>\n150,409<\/td>\n8.58<\/td>\n34<\/td>\n-0.0015%<\/td>\n1,015.4<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.08%<\/td>\n5.13%<\/td>\n534,062<\/td>\n15.28<\/td>\n29<\/td>\n+0.0892%<\/td>\n960.1<\/td>\n<\/tr>\n<\/table>\n<\/div>\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.A<\/td>\nFixFloat<\/td>\n-1.7865%<\/td>\n\u00a0<\/td>\n<\/tr>\n
BCE.PR.I<\/td>\nFixFloat<\/td>\n-1.4699%<\/td>\n\u00a0<\/td>\n<\/tr>\n
BSD.PR.A<\/td>\nInterestBearing<\/td>\n-1.1423%<\/td>\nNow with a pre-tax bid-YTW of 6.87% (as interest) based on a bid of 9.52 and a hardMaturity<\/a> 2015-3-31 at 10.00. How many people have worse credits than this in the RRSP yielding less? Stick your hands up!<\/td>\n<\/tr>\n
FIG.PR.A<\/td>\nInterestBearing<\/td>\n-1.0204%<\/td>\nNow with a pre-tax bid-YTW of 7.05% (as interest) based on a bid of 9.70 and a hardMaturity 2014-12-31 at 10.00. See above question!<\/td>\n<\/tr>\n
ALB.PR.A<\/td>\nSplitShare<\/td>\n+1.0077%<\/td>\nNow with a pre-tax bid-YTW of 4.26% based on a bid of 25.06 and a call 2008-3-29 at 25.00.<\/td>\n<\/tr>\n
BAM.PR.M<\/td>\nPerpetualDiscount<\/td>\n+1.0565%<\/td>\nNow with a pre-tax bid-YTW of 5.42% based on a bid of 22.00 and a limitMaturity<\/a>.<\/td>\n<\/tr>\n
CM.PR.H<\/td>\nPerpetualDiscount<\/td>\n+1.2335%<\/td>\nNow with a pre-tax bid-YTW of 5.11% based on a bid of 23.80 and a limitMaturity.<\/td>\n<\/tr>\n
BAM.PR.N<\/td>\nPerpetualDiscount<\/td>\n+1.5525%<\/td>\nNow with a pre-tax bid-YTW of 5.36% based on a bid of 22.24 and a limitMaturity.<\/td>\n<\/tr>\n
NA.PR.L<\/td>\nPerpetualPremium (for now!)<\/td>\n+1.6835%<\/td>\nNow with a pre-tax bid-YTW of 5.07% based on a bid of 24.16 and a limitMaturity.<\/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
GWO.PR.I<\/td>\nPerpetualDiscount<\/td>\n116,678<\/td>\nRBC crossed 50,000 at 22.25, then Nesbitt crossed 45,100 at the same price. Now with a pre-tax bid-YTW of 5.09% based on a bid of 22.17 and a limitMaturity.<\/td>\n<\/tr>\n
HSB.PR.D<\/td>\nPerpetualPremium<\/td>\n93,150<\/td>\nNational Bank bought a few shares in the afternoon, including a cross of 41,100 at 25.20. Now with a pre-tax bid-YTW of 4.88% based on a bid of 25.20 and a call 2015-1-30 at 25.00.<\/td>\n<\/tr>\n
BNS.PR.L<\/td>\nPerpetualDiscount<\/td>\n57,190<\/td>\nNational Bank crossed 42,200 at 22.75. Now with a pre-tax bid-YTW of 5.01% based on a bid of 22.77 and a limitMaturity.<\/td>\n<\/tr>\n
NA.PR.L<\/td>\nPerpetualDiscount<\/td>\n34,000<\/td>\nNational Bank crossed 25,200 at 24.25 and was on the buy side for numerous trades in the afternoon. Now with a pre-tax bid-YTW of 5.07% based on a bid of 24.16 and a limitMaturity.<\/td>\n<\/tr>\n
SLF.PR.D<\/td>\nPerpetualDiscount<\/td>\n31,820<\/td>\nNow with a pre-tax bid-YTW of 5.10% based on a bid of 21.90 and a limitMaturity.<\/td>\n<\/tr>\n<\/table>\n

There were twenty-five other $25-equivalent index-included issues trading over 10,000 shares today.<\/p>\n","protected":false},"excerpt":{"rendered":"

A relatively quiet day. Canadian bonds were down a bit, US bonds up a bit (I’m speaking in terms of prices!). There might be some excitement tomorrow with the CPI Number. Note that these indices …<\/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-926","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/926","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=926"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/926\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=926"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=926"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=926"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}