{"id":966,"date":"2007-07-12T00:00:29","date_gmt":"2007-07-12T04:00:29","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=966"},"modified":"2007-07-12T00:00:29","modified_gmt":"2007-07-12T04:00:29","slug":"july-11-2007","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=966","title":{"rendered":"July 11, 2007"},"content":{"rendered":"

There was the usual news today: A story about the bonds dip<\/a> (I know him, he’s the guy at [Deleted on Legal Advice]), Treasuries dropped<\/a>, credit spreads widened<\/a> (even in America<\/a>), Korea tightened<\/a>, and there are fears Japan might tighten<\/a>. Same old.<\/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>\n5.32%<\/td>\n5.34%<\/td>\n27,793<\/td>\n14.93<\/td>\n2<\/td>\n+0.9492%<\/td>\n1,019.2<\/td>\n<\/tr>\n
Fixed-Floater<\/td>\n5.05%<\/td>\n5.36%<\/td>\n140,345<\/td>\n15.00<\/td>\n8<\/td>\n-0.0912%<\/td>\n998.7<\/td>\n<\/tr>\n
Floater<\/td>\n4.66%<\/td>\n-0.18%<\/td>\n77,866<\/td>\n8.43<\/td>\n4<\/td>\n+0.1107%<\/td>\n1,048.8<\/td>\n<\/tr>\n
Op. Retract<\/td>\n4.83%<\/td>\n4.01%<\/td>\n86,057<\/td>\n3.02<\/td>\n16<\/td>\n-0.0671%<\/td>\n1,021.3<\/td>\n<\/tr>\n
Split-Share<\/td>\n5.05%<\/td>\n4.64%<\/td>\n122,364<\/td>\n3.99<\/td>\n17<\/td>\n+0.1152%<\/td>\n1,045.9<\/td>\n<\/tr>\n
Interest Bearing<\/td>\n6.19%<\/td>\n6.27%<\/td>\n68,186<\/td>\n4.44<\/td>\n3<\/td>\n-0.0339%<\/td>\n1,039.6<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.54%<\/td>\n5.10%<\/td>\n120,245<\/td>\n5.67<\/td>\n26<\/td>\n+0.1568%<\/td>\n1,021.6<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.11%<\/td>\n5.14%<\/td>\n373,572<\/td>\n14.87<\/td>\n38<\/td>\n-0.1460%<\/td>\n965.0<\/td>\n<\/tr>\n<\/table>\n<\/div>\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
ELF.PR.G<\/td>\nPerpetualDiscount<\/td>\n-2.8033%<\/td>\nPerhaps related to its removal from the S&P\/TSX Index<\/a>? None of the other removals were hit nearly as badly. Now with a pre-tax bid-YTW of 5.65% based on a bid of 21.15 and a limitMaturity<\/a>.<\/td>\n<\/tr>\n
PWF.PR.F<\/td>\nPerpetualPremium (for now!)<\/td>\n-1.0121%<\/td>\nAdded<\/em> to the index. Now with a pre-tax bid-YTW of 5.37% based on a bid of 24.45 and a limitMaturity.<\/td>\n<\/tr>\n
IAG.PR.A<\/td>\nPerpetualDiscount<\/td>\n+1.2826%<\/td>\nNow with a pre-tax bid-YTW of 5.05% based on a bid of 22.90 and a limitMaturity.<\/td>\n<\/tr>\n
BCE.PR.S<\/td>\nRatchet<\/td>\n+1.4799%<\/td>\n\u00a0<\/td>\n<\/tr>\n
MIC.PR.A<\/td>\nPerpetualPremium (Recent add<\/a>)<\/td>\n+1.1760%<\/td>\nNow with a pre-tax bid-YTW of 5.44% based on a bid of 25.75 and a call 2012-1-30 at 25.00.<\/td>\n<\/tr>\n
NA.PR.K<\/td>\nPerpetualPremium<\/td>\n+1.4479%<\/td>\nEx-Dividend today<\/a>. Now with a pre-tax bid-YTW of 3.99% based on a bid of 26.25 and a call 2008-6-14 at 26.00.<\/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
AL.PR.F<\/td>\nScraps (would be Floater, but there are volume concerns)<\/td>\n151,725<\/td>\nEx-Dividend today for $0.28125. Global crossed 75,600 at 24.97 for cash, then 75,600 at 24.68 for regular settlement.<\/td>\n<\/tr>\n
HSB.PR.D<\/td>\nPerpetualPremium<\/td>\n51,700<\/td>\nScotia crossed 50,000 at 25.20. Now with a pre-tax bid-YTW of 4.98% based on a bid of 25.12 and a call 2015-1-30 at 25.00.<\/td>\n<\/tr>\n
CIU.PR.A<\/td>\nPerpetualDiscount<\/td>\n25,700<\/td>\nAdded to the index. RBC crossed 25,000 at 23.10. Now with a pre-tax bid-YTW of 5.06% based on a bid of 23.01 and a limitMaturity.<\/td>\n<\/tr>\n
CM.PR.J<\/td>\nPerpetualDiscount<\/td>\n25,560<\/td>\nNow with a pre-tax bid-YTW of 5.12% based on a bid of 22.02 and a limitMaturity.<\/td>\n<\/tr>\n
CM.PR.D<\/td>\nPerpetualPremium<\/td>\n18,261<\/td>\nNow with a pre-tax bid-YTW of 5.01% based on a bid of 25.77 and a call 2012-5-30 at 25.00<\/td>\n<\/tr>\n<\/table>\n

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

There was the usual news today: A story about the bonds dip (I know him, he’s the guy at [Deleted on Legal Advice]), Treasuries dropped, credit spreads widened (even in America), Korea tightened, and there …<\/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-966","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/966","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=966"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/966\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=966"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=966"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=966"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}