{"id":931,"date":"2007-06-21T23:45:49","date_gmt":"2007-06-22T03:45:49","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=931"},"modified":"2007-06-21T23:45:49","modified_gmt":"2007-06-22T03:45:49","slug":"june-21-2007","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=931","title":{"rendered":"June 21, 2007"},"content":{"rendered":"

Well, Co-operators announced that the redemption procedure for CCS.PR.A isn’t quite exactly<\/a> what was previously announced, and the BCE fixed-floaters had a monster day – presumably related to the Telus news<\/a>, but who can tell?<\/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>\n5.70%<\/td>\n5.81%<\/td>\n30,988<\/td>\n14.35<\/td>\n2<\/td>\n-0.3314%<\/td>\n949.3<\/td>\n<\/tr>\n
Fixed-Floater<\/td>\n5.42%<\/td>\n5.59%<\/td>\n139,892<\/td>\n14.70<\/td>\n7<\/td>\n+2.7158%<\/td>\n928.9<\/td>\n<\/tr>\n
Floater<\/td>\n4.83%<\/td>\n2.39%<\/td>\n92,354<\/td>\n5.67<\/td>\n3<\/td>\n-0.0536%<\/td>\n1,048.5<\/td>\n<\/tr>\n
Op. Retract<\/td>\n4.82%<\/td>\n3.74%<\/td>\n87,100<\/td>\n2.96<\/td>\n17<\/td>\n-0.1309%<\/td>\n1,022.2<\/td>\n<\/tr>\n
Split-Share<\/td>\n5.03%<\/td>\n4.61%<\/td>\n164,573<\/td>\n3.99<\/td>\n15<\/td>\n-0.0259%<\/td>\n1,041.6<\/td>\n<\/tr>\n
Interest Bearing<\/td>\n6.79%<\/td>\n7.09%<\/td>\n87,945<\/td>\n6.13<\/td>\n4<\/td>\n+0.0870%<\/td>\n1,025.2<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.42%<\/td>\n5.20%<\/td>\n150,800<\/td>\n8.35<\/td>\n34<\/td>\n-0.0760%<\/td>\n1,017.0<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.05%<\/td>\n5.09%<\/td>\n520,724<\/td>\n15.34<\/td>\n29<\/td>\n+0.3783%<\/td>\n967.2<\/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
BAM.PR.J<\/td>\nOpRet<\/td>\n-1.2121%<\/td>\nNew low of 26.11 today. Now with a pre-tax bid-YTW of 4.90% based on a bid of 26.08 and a softMaturity<\/a> 2018-3-30 at 25.00.<\/td>\n<\/tr>\n
POW.PR.D<\/td>\nPerpetualDiscount<\/td>\n+1.0000%<\/td>\nNow with a pre-tax bid-YTW of 5.15% based on a bid of 24.24 and a limitMaturity<\/a>.<\/td>\n<\/tr>\n
RY.PR.A<\/td>\nPerpetualDiscount<\/td>\n+1.2999%<\/td>\nNow with a pre-tax bid-YTW of 4.97% based on a bid of 22.60 and a limitMaturity.<\/td>\n<\/tr>\n
BCE.PR.C<\/td>\nFixFloat<\/td>\n+1.7391%<\/td>\n\u00a0Exchange\/Reset date is 2008-3-1 (exchanges with series ‘AD’, not issued); until then, pays 5.54% of par. Closed at 23.40-54, 5×5.<\/td>\n<\/tr>\n
BCE.PR.A<\/td>\nFixFloat<\/td>\n+2.2897%<\/td>\n\u00a0Exchange\/Reset date is 2007-9-1 (exchanges with series ‘AB’, not issued); until then, pays 5.45% of par. Closed at 23.23-39, 6×4.<\/td>\n<\/tr>\n
BCE.PR.G<\/td>\nFixFloat<\/td>\n+4.1463%<\/td>\n\u00a0Exchange\/Reset date is 2011-5-1 (exchanges with BCE.PR.H); until then, pays 4.35% of par. The Gs closed at 21.35-22.99 (nice spread!), 2×3; the Hs closed at 22.82-50, 5×8.<\/td>\n<\/tr>\n
BCE.PR.I<\/td>\nFixFloat<\/td>\n+5.1733%<\/td>\n\u00a0Exchange\/Reset date is 2011-8-1 (exchanges with series ‘AJ’, not issued); until then, pays 4.65% of par. Closed at 21.55-85, 18×1.<\/td>\n<\/tr>\n
BCE.PR.R<\/td>\nFixFloat<\/td>\n+6.2038%<\/td>\n\u00a0Exchange\/Reset date is 2010-12-1 (exchanges with series ‘Q’, not issued); until then, pays 4.54% of par. Closed at 21.57-07, 9×1.<\/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
RY.PR.C<\/td>\nPerpetualDiscount<\/td>\n110,775<\/td>\nNesbitt crossed 100,000 at 23.00. Now with a pre-tax bid-YTW of 5.06% based on a bid of 22.96 and a limitMaturity.<\/td>\n<\/tr>\n
BCE.PR.C<\/td>\nFixFloat<\/td>\n53,475<\/td>\n\u00a0Exchange\/Reset date is 2008-3-1 (exchanges with series ‘AD’, not issued); until then, pays 5.54% of par.\u00a0 Closed at 23.40-54, 5×5.<\/td>\n<\/tr>\n
BMO.PR.J<\/td>\nPerpetualDiscount<\/td>\n45,558<\/td>\nNow with a pre-tax bid-YTW of 5.09% based on a bid of 22.30 and a limitMaturity.<\/td>\n<\/tr>\n
MFC.PR.C<\/td>\nPerpetualDiscount<\/td>\n37,150<\/td>\nNow with a pre-tax bid-YTW of 4.93% based on a bid of 22.90 and a limitMaturity.<\/td>\n<\/tr>\n
BCE.PR.R<\/td>\nFixFloat<\/td>\n36,830<\/td>\n\u00a0\u00a0Exchange\/Reset date is 2010-12-1 (exchanges with series ‘Q’, not issued); until then, pays 4.54% of par. Closed at 21.57-07, 9×1.<\/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":"

Well, Co-operators announced that the redemption procedure for CCS.PR.A isn’t quite exactly what was previously announced, and the BCE fixed-floaters had a monster day – presumably related to the Telus news, but who can tell? …<\/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-931","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/931","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=931"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/931\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=931"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=931"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=931"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}