After last weeks huge volume in the preferred stock arena we expected it to taper off a bit this week–and it is tapering off, but remains high compared to previous history.
As we noted we normally had around 10 issues a day with greater than 3x normal daily volume (as averaged over a 30 day period) until recently but last Friday we had about 130 issues or so with high volume.
Today we may end with 20-30 issues with more than 3x normalized volume, but quite a few issues with more than 1x normal volume.
The above will open the spreadsheet directly–we are going to open a few more lists and sheets so that anyone that wants a copy can go ahead a take it. Having some of these sheets ’embedded’ causes performance issues and we want to have the data readily available.