{"id":955,"date":"2007-07-04T23:51:20","date_gmt":"2007-07-05T03:51:20","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=955"},"modified":"2007-07-04T23:51:20","modified_gmt":"2007-07-05T03:51:20","slug":"july-4-2007","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=955","title":{"rendered":"July 4, 2007"},"content":{"rendered":"

The BCE issues settled back a little after their enormous gains of yesterday<\/a> – I suspect that they’ll be volatile for a little while longer, as greed wars with fear. I wrote yet another post<\/a> on the BCE\/Teachers Plan of Arrangement today and estimated that taking out the preferreds is costing the common shareholders $1.50 per share.<\/p>\n

Econbrowser<\/a> publicized a new Internet connectivity toy<\/a> that I was eager to try – but I can’t say I was too impressed by the results. What this world needs is a plethora of blogs about Canadian shares, then we can get into furious arguments with each other, just like the political guys. The chart<\/a> for PrefInfo.com<\/a> looks more as expected, anyway.<\/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>\n5.37%<\/td>\n5.38%<\/td>\n28,357<\/td>\n14.87<\/td>\n2<\/td>\n-0.5555%<\/td>\n1,021.2<\/td>\n<\/tr>\n
Fixed-Floater<\/td>\n5.07%<\/td>\n5.34%<\/td>\n139,068<\/td>\n15.05<\/td>\n8<\/td>\n-0.8255%<\/td>\n996.3<\/td>\n<\/tr>\n
Floater<\/td>\n4.66%<\/td>\n0.63%<\/td>\n74,868<\/td>\n4.28<\/td>\n4<\/td>\n-0.0299%<\/td>\n1,049.2<\/td>\n<\/tr>\n
Op. Retract<\/td>\n4.82%<\/td>\n3.99%<\/td>\n87,799<\/td>\n3.19<\/td>\n16<\/td>\n-0.0899%<\/td>\n1,020.3<\/td>\n<\/tr>\n
Split-Share<\/td>\n5.06%<\/td>\n4.73%<\/td>\n129,955<\/td>\n4.11<\/td>\n17<\/td>\n-0.0628%<\/td>\n1,043.0<\/td>\n<\/tr>\n
Interest Bearing<\/td>\n6.21%<\/td>\n6.36%<\/td>\n70,693<\/td>\n4.46<\/td>\n3<\/td>\n+0.2732%<\/td>\n1,037.1<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.51%<\/td>\n5.11%<\/td>\n122,827<\/td>\n5.45<\/td>\n26<\/td>\n+0.0419%<\/td>\n1,023.0<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.09%<\/td>\n5.12%<\/td>\n400,019<\/td>\n14.91<\/td>\n38<\/td>\n+0.2760%<\/td>\n968.1<\/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
BCE.PR.A<\/td>\nFixFloat<\/td>\n-2.3554%<\/td>\n\u00a0<\/td>\n<\/tr>\n
BCE.PR.Z<\/td>\nFixFloat<\/td>\n-2.0747%<\/td>\n\u00a0<\/td>\n<\/tr>\n
ALB.PR.A<\/td>\nSplitShare<\/td>\n-1.7173%%<\/td>\nNow with a pre-tax bid-YTW of 4.86% based on a bid of 24.61 and a hardMaturity<\/a> 2011-2-28 at 25.00.<\/td>\n<\/tr>\n
BCE.PR.T<\/td>\nFixFloat<\/td>\n-1.4167%<\/td>\n\u00a0<\/td>\n<\/tr>\n
BCE.PR.I<\/td>\nFixFloat<\/td>\n-1.1979%<\/td>\n\u00a0<\/td>\n<\/tr>\n
BCE.PR.S<\/td>\nRatchet<\/td>\n-1.0717%<\/td>\n\u00a0<\/td>\n<\/tr>\n
RY.PR.F<\/td>\nPerpetualDiscount<\/td>\n+1.0733%<\/td>\nNow with a pre-tax bid-YTW of 5.04% based on a bid of 22.60 and a limitMaturity<\/a>.<\/td>\n<\/tr>\n
BMO.PR.J<\/td>\nPerpetualDiscount<\/td>\n+1.3901%<\/td>\nNow with a pre-tax bid-YTW of 5.03% based on a bid of 22.61 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
BMO.PR.G<\/td>\nOpRet<\/td>\n100,008<\/td>\nScotia crossed 96,100 at 25.15. Now with a pre-tax bid-YTW of 4.45% based on a bid of 25.15 and a call 2007-9-24 at 25.00.<\/td>\n<\/tr>\n
CM.PR.J<\/td>\nPerpetualDiscount<\/td>\n69,177<\/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
PWF.PR.F<\/td>\nPerpetualPremium<\/td>\n46,125<\/td>\nNational Bank crossed 30,000 at 25.25. Now with a pre-tax bid-YTW of 5.30% based on a bid of 25.15 and a limitMaturity.<\/td>\n<\/tr>\n
BCE.PR.R<\/td>\nFixFloat<\/td>\n32,550<\/td>\n\u00a0<\/td>\n<\/tr>\n
BCE.PR.G<\/td>\nFixFloat<\/td>\n27,420<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

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

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

The BCE issues settled back a little after their enormous gains of yesterday – I suspect that they’ll be volatile for a little while longer, as greed wars with fear. I wrote yet another post …<\/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-955","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/955","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=955"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/955\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=955"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=955"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=955"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}