{"id":977,"date":"2007-07-13T23:49:11","date_gmt":"2007-07-14T03:49:11","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=977"},"modified":"2007-07-13T23:49:11","modified_gmt":"2007-07-14T03:49:11","slug":"july-13-2007","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=977","title":{"rendered":"July 13, 2007"},"content":{"rendered":"

Bonds closed the week on a happy note<\/a>, while Dura Automotive Systems<\/a> reminded investors why junk got such a pejoritive name. New junk issues slowed this week<\/a> as a few issues were pulled amid widening spreads.<\/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>\n5.28%<\/td>\n5.30%<\/td>\n27,711<\/td>\n15.00<\/td>\n2<\/td>\n+0.4202%<\/td>\n1,019.3<\/td>\n<\/tr>\n
Fixed-Floater<\/td>\n5.03%<\/td>\n5.33%<\/td>\n138,861<\/td>\n13.66<\/td>\n8<\/td>\n+0.4455%<\/td>\n1,004.2<\/td>\n<\/tr>\n
Floater<\/td>\n4.86%<\/td>\n0.26%<\/td>\n79,603<\/td>\n4.17<\/td>\n4<\/td>\n-0.0199%<\/td>\n1,048.5<\/td>\n<\/tr>\n
Op. Retract<\/td>\n4.83%<\/td>\n4.07%<\/td>\n84,959<\/td>\n2.80<\/td>\n16<\/td>\n-0.1345%<\/td>\n1,021.0<\/td>\n<\/tr>\n
Split-Share<\/td>\n5.05%<\/td>\n4.57%<\/td>\n119,174<\/td>\n3.99<\/td>\n17<\/td>\n-0.0042%<\/td>\n1,047.0<\/td>\n<\/tr>\n
Interest Bearing<\/td>\n6.22%<\/td>\n6.34%<\/td>\n66,250<\/td>\n4.42<\/td>\n3<\/td>\n-0.2031%<\/td>\n1,036.1<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.54%<\/td>\n5.16%<\/td>\n118,589<\/td>\n5.28<\/td>\n26<\/td>\n-0.0193%<\/td>\n1,021.8<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.12%<\/td>\n5.15%<\/td>\n361,990<\/td>\n14.86<\/td>\n38<\/td>\n+0.0583%<\/td>\n964.2<\/td>\n<\/tr>\n<\/table>\n<\/div>\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
GWO.PR.E<\/td>\nOpRet<\/td>\n-1.8641%<\/td>\nNow with a pre-tax bid-YTW of 4.47% based on a bid of 25.27 and a call 2011-4-30 at 25.00. There is still some some uncertainty about GWO’s capital market plans<\/a>, despite the recent successful bond issue<\/a>.<\/td>\n<\/tr>\n
CFS.PR.A<\/td>\nSplitShare<\/td>\n-1.400%<\/td>\nNow with a pre-tax bid-YTW of 4.61% based on a bid of 9.86 and a hardMaturity<\/a> 2012-1-31 at 10.00.<\/td>\n<\/tr>\n
FFN.PR.A<\/td>\nSplitShare<\/td>\n+1.3553%<\/td>\nNow with a pre-tax bid-YTW of 4.55% based on a bid of 10.47 and a hardMaturity 2014-12-1 at 10.00.<\/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
BMO.PR.J<\/td>\nPerpetualDiscount<\/td>\n18,165<\/td>\nNow with a pre-tax bid-YTW of 5.09% based on a bid of 22.40 and a limitMaturity<\/a>.<\/td>\n<\/tr>\n
TOC.PR.B<\/td>\nFloater<\/td>\n17,300<\/td>\nNational Bank crossed 17,300 at 25.20 in the day’s only trade. Still on credit review negative<\/a> by DBRS<\/a>.<\/td>\n<\/tr>\n
POW.PR.B<\/td>\nPerpetualDiscount<\/td>\n16,700<\/td>\nNow with a pre-tax bid-YTW of 5.46% based on a bid of 24.56 and a limitMaturity.<\/td>\n<\/tr>\n
SLF.PR.C<\/td>\nPerpetualDiscount<\/td>\n14,795<\/td>\nNow with a pre-tax bid-YTW of 5.06% based on a bid of 22.15 and a limitMaturity.<\/td>\n<\/tr>\n
SLF.PR.D<\/td>\nPerpetualDiscount<\/td>\n13,458<\/td>\nNow with a pre-tax bid-YTW of 5.06% based on a bid of 22.15 and a limitMaturity.<\/td>\n<\/tr>\n<\/table>\n

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

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

Bonds closed the week on a happy note, while Dura Automotive Systems reminded investors why junk got such a pejoritive name. New junk issues slowed this week as a few issues were pulled amid widening …<\/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-977","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/977","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=977"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/977\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=977"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=977"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=977"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}