{"id":929,"date":"2007-06-20T23:15:31","date_gmt":"2007-06-21T03:15:31","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=929"},"modified":"2007-06-20T23:15:31","modified_gmt":"2007-06-21T03:15:31","slug":"june-20-2007","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=929","title":{"rendered":"June 20, 2007"},"content":{"rendered":"

Today’s BCE news is that they’re talking to Telus<\/a> (rated A(low) by DBRS<\/a>, BBB+ by S&P<\/a>). We shall 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>\n5.77%<\/td>\n29,846<\/td>\n14.41<\/td>\n2<\/td>\n-0.3525%<\/td>\n952.4<\/td>\n<\/tr>\n
Fixed-Floater<\/td>\n5.56%<\/td>\n5.74%<\/td>\n135,683<\/td>\n14.53<\/td>\n7<\/td>\n+0.5257%<\/td>\n904.3<\/td>\n<\/tr>\n
Floater<\/td>\n4.83%<\/td>\n2.06%<\/td>\n92,812<\/td>\n5.67<\/td>\n3<\/td>\n+0.2984%<\/td>\n1,049.0<\/td>\n<\/tr>\n
Op. Retract<\/td>\n4.81%<\/td>\n3.72%<\/td>\n87,440<\/td>\n2.83<\/td>\n17<\/td>\n+0.1635%<\/td>\n1,023.6<\/td>\n<\/tr>\n
Split-Share<\/td>\n5.03%<\/td>\n4.59%<\/td>\n167,459<\/td>\n4.00<\/td>\n15<\/td>\n-0.1252%<\/td>\n1,041.9<\/td>\n<\/tr>\n
Interest Bearing<\/td>\n6.79%<\/td>\n7.11%<\/td>\n89,313<\/td>\n6.13<\/td>\n4<\/td>\n+0.0974%<\/td>\n1,024.3<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.42%<\/td>\n5.19%<\/td>\n150,643<\/td>\n7.58<\/td>\n34<\/td>\n+0.0451%<\/td>\n1,017.7<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.06%<\/td>\n5.11%<\/td>\n527,523<\/td>\n15.31<\/td>\n29<\/td>\n+0.0964%<\/td>\n963.6<\/td>\n<\/tr>\n<\/table>\n<\/div>\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
CL.PR.B<\/td>\nPerpetualPremium<\/td>\n-1.1154%<\/td>\nNow with a pre-tax bid-YTW of 5.37% based on a bid of 25.71 and a call 2011-1-30 at 25.00. Still not called<\/a>, despite their recent financing<\/a>. Astonishing; I can only suppose they’re waiting to complete the rest of their capital markets programme<\/a>.<\/td>\n<\/tr>\n
BCE.PR.A<\/td>\nFixFloat<\/td>\n-1.0889%<\/td>\n\u00a0<\/td>\n<\/tr>\n
PWF.PR.K<\/td>\nPerpetualDiscount<\/td>\n-1.0200%<\/td>\nNow with a pre-tax bid-YTW of 5.17% based on a bid of 24.26 and a limitMaturity<\/a>.<\/td>\n<\/tr>\n
BCE.PR.Z<\/td>\nFixFloat<\/td>\n+1.0545%<\/td>\n\u00a0<\/td>\n<\/tr>\n
PWF.PR.D<\/td>\nOpRet<\/td>\n+1.1043%<\/td>\nNow with a pre-tax bid-YTW of 1.80% based on a bid of 26.55 and a call 2007-11-30 at $26.00.<\/td>\n<\/tr>\n
BCE.PR.I<\/td>\nFixFloat<\/td>\n+1.1852%<\/td>\n\u00a0<\/td>\n<\/tr>\n
BCE.PR.R<\/td>\nFixFloat<\/td>\n+1.4486%<\/td>\n\u00a0<\/td>\n<\/tr>\n
BCE.PR.G<\/td>\nFixFloat<\/td>\n+1.6865%<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n\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
CCS.PR.C<\/td>\nScraps (Would be PerpetualDiscount, but there are credit concerns).<\/td>\n401,000<\/td>\nTHUMP! Somebody bit the bullet on this ill-fated underwriting<\/a>, down 4.0870% on the day as Scotia crossed 400,000 at 22.00. Now with a pre-tax bid-YTW of 5.71% based on a bid of 22.06 and a limitMaturity.<\/td>\n<\/tr>\n
RY.PR.E<\/td>\nPerpetualDiscount<\/td>\n125,850<\/td>\nNow with a pre-tax bid-YTW of 5.05% based on a bid of 22.50 and a limitMaturity.<\/td>\n<\/tr>\n
POW.PR.B<\/td>\nPerpetualPremium (for now!)<\/td>\n56,418<\/td>\nNow with a pre-tax bid-YTW of 5.40% based on a bid of 24.74 and a limitMaturity.<\/td>\n<\/tr>\n
GWO.PR.H<\/td>\nPerpetualDiscount<\/td>\n32,898<\/td>\nNow with a pre-tax bid-YTW of 5.13% based on a bid of 23.71 and a limitMaturity.<\/td>\n<\/tr>\n
BMO.PR.J<\/td>\nPerpetualDiscount<\/td>\n27,650<\/td>\nNow with a pre-tax bid-YTW of 5.09% based on a bid of 22.31 and a limitMaturity.<\/td>\n<\/tr>\n
SLF.PR.B<\/td>\nPerpetualDiscount<\/td>\n25,720<\/td>\nNow with a pre-tax bid-YTW of 5.03% based on a bid of 23.89 and a limitMaturity.<\/td>\n<\/tr>\n<\/table>\n

There were nineteen other $25-equivalent index-included issues trading over 10,000 shares today.\n<\/p>\n

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

Today’s BCE news is that they’re talking to Telus (rated A(low) by DBRS, BBB+ by S&P). We shall see. Note that these indices are experimental; the absolute and relative daily values are expected to change …<\/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-929","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/929","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=929"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/929\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=929"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=929"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=929"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}