{"id":980,"date":"2007-07-16T23:28:33","date_gmt":"2007-07-17T03:28:33","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=980"},"modified":"2007-07-16T23:28:33","modified_gmt":"2007-07-17T03:28:33","slug":"july-16-2007","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=980","title":{"rendered":"July 16, 2007"},"content":{"rendered":"

Treasuries had a good day,\u00a0possibly due\u00a0to a projected drop in supply<\/a>, but more likely a flight to quality amid sub-prime worries<\/a>, or, even more likely, they just felt like going up.<\/p>\n

Hey, if you want somebody with a bright smile to explain to you why everything that happened, happened\u00a0because it had to happen, go read some other blog.<\/p>\n

KKR cancelled a $1.4-billion European issue<\/a> and Rosneft is rumoured to be doing the same<\/a>. This is significant … and if this should happen to be a real, no-fooling turning point, then financing the Teachers \/ BCE deal<\/a> could be interesting!<\/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>\n5.26%<\/td>\n5.29%<\/td>\n26,628<\/td>\n15.02<\/td>\n2<\/td>\n+0.0000%<\/td>\n1,019.3<\/td>\n<\/tr>\n
Fixed-Floater<\/td>\n5.03%<\/td>\n5.32%<\/td>\n140,234<\/td>\n13.67<\/td>\n8<\/td>\n+0.1306%<\/td>\n1,005.5<\/td>\n<\/tr>\n
Floater<\/td>\n4.86%<\/td>\n1.29%<\/td>\n80,079<\/td>\n4.18<\/td>\n4<\/td>\n+0.0107%<\/td>\n1,048.7<\/td>\n<\/tr>\n
Op. Retract<\/td>\n4.83%<\/td>\n4.05%<\/td>\n83,799<\/td>\n2.87<\/td>\n16<\/td>\n-0.0011%<\/td>\n1,021.0<\/td>\n<\/tr>\n
Split-Share<\/td>\n5.06%<\/td>\n4.64%<\/td>\n117,301<\/td>\n3.92<\/td>\n17<\/td>\n-0.0658%<\/td>\n1,046.3<\/td>\n<\/tr>\n
Interest Bearing<\/td>\n6.21%<\/td>\n6.36%<\/td>\n66,105<\/td>\n4.42<\/td>\n3<\/td>\n+0.0687%<\/td>\n1,036.8<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.54%<\/td>\n5.17%<\/td>\n118,256<\/td>\n5.30<\/td>\n26<\/td>\n-0.0334%<\/td>\n1,021.4<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.11%<\/td>\n5.15%<\/td>\n356,749<\/td>\n14.85<\/td>\n38<\/td>\n+0.0746%<\/td>\n964.9<\/td>\n<\/tr>\n<\/table>\n<\/div>\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
NA.PR.L<\/td>\nPerpetualDiscount<\/td>\n-1.3733%<\/td>\nNow with a pre-tax bid-YTW of 5.11% based on a bid of 23.70 and a limitMaturity<\/a>.<\/td>\n<\/tr>\n
LBS.PR.A<\/td>\nSplitShare<\/td>\n-1.1429%<\/td>\nNow with a pre-tax bid-YTW of 4.58% based on a bid of 10.38 and a hardMaturity<\/a> 2013-11-29 at 10.00.<\/td>\n<\/tr>\n
PWF.PR.K<\/td>\nPerpetualDiscount<\/td>\n+1.2090%<\/td>\nNow with a pre-tax bid-YTW of 5.29% based on a bid of 23.44 and a limitMaturity.<\/td>\n<\/tr>\n
LFE.PR.E<\/td>\nSplitShare<\/td>\n+1.6409%<\/td>\nNow with a pre-tax bid-YTW of 4.20% based on a bid of 10.53 and a hardMaturity 2012-12-01 at 10.00<\/td>\n<\/tr>\n
GWO.PR.E<\/td>\nOpRet<\/td>\n+1.9391%<\/td>\nNow with a pre-tax bid-YTW of 3.92% based on a bid of 25.76 and a call 2011-4-30 at 25.00<\/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
BCE.PR.G<\/td>\nFixFloat<\/td>\n52,700<\/td>\nScotia crossed 50,000 at 24.00.<\/td>\n<\/tr>\n
CM.PR.J<\/td>\nPerpetualDiscount<\/td>\n31,020<\/td>\nNow with a pre-tax bid-YTW of 5.10% based on a bid of 22.11 and a limitMaturity.<\/td>\n<\/tr>\n
HSB.PR.C<\/td>\nPerpetualPremium<\/td>\n27,550<\/td>\nTD crossed 25,000 at 25.49. Now with a pre-tax bid-YTW of 5.04% based on a bid of 25.20 and a call 2014-7-30 at 25.00.<\/td>\n<\/tr>\n
CM.PR.G<\/td>\nPerpetualPremium<\/td>\n20,840<\/td>\nNow with a pre-tax bid-YTW of 5.30% based on a bid of 25.15 and a call 2014-5-31 at 25.00.<\/td>\n<\/tr>\n
TD.PR.O<\/td>\nPerpetualDiscount<\/td>\n16,200<\/td>\nNow with a pre-tax bid-YTW of 4.98% based on a bid of 24.35 and a limitMaturity.<\/td>\n<\/tr>\n<\/table>\n

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

Treasuries had a good day,\u00a0possibly due\u00a0to a projected drop in supply, but more likely a flight to quality amid sub-prime worries, or, even more likely, they just felt like going up. Hey, if you want …<\/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-980","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/980","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=980"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/980\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=980"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=980"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=980"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}