| Note that these indices are experimental; the absolute and relative daily values are expected to change in the final version |
| Index |
Current Yield (at bid) |
YTW |
Average Trading Value |
Mod Dur (YTW) |
Issues |
Day’s Perf. |
Index Value |
| Ratchet |
4.43% |
4.46% |
44,483 |
16.54 |
1 |
0.1619% |
1,007.3 |
| Fixed-Floater |
4.89% |
3.87% |
304,429 |
8.96 |
6 |
0.0337% |
1,014.0 |
| Floater |
4.64% |
-18.23% |
97,098 |
8.11 |
4 |
0.1705% |
1,015.8 |
| Op. Retract |
4.69% |
2.33% |
83,044 |
2.39 |
18 |
0.0084% |
1,013.6 |
| Split-Share |
4.98% |
3.05% |
57,549 |
2.69 |
10 |
0.1534% |
1,011.7 |
| Interest Bearing |
6.86% |
4.60% |
56,882 |
2.08 |
7 |
0.0674% |
1,021.9 |
| Perpetual-Premium |
5.14% |
4.03% |
178,277 |
4.18 |
48 |
0.0860% |
1,025.3 |
| Perpetual-Discount |
4.60% |
4.61% |
322,817 |
16.22 |
6 |
0.1568% |
1,035.2 |
| Major Price Changes |
| Issue |
Index |
Change |
Notes |
| There were no index-included issues with absolute value of returns greater than 1% today. |
| Volume Highlights |
| Issue |
Index |
Volume |
Notes |
| POW.PR.B |
PerpetualPremium |
66,464 |
Went ex-dividend today |
| WFS.PR.A |
SplitShare |
55,000 |
Scotia crossed 50,000 @ 10.65. An attractive issue, with a pre-tax YTW of 3.86% and a modified duration of 4.24 years based on a June 30, 2011, maturity. |
| GWO.PR.I |
PerpetualDiscount |
51,295 |
Pre-tax YTW now 4.60 at the closing bid of $24.51. |
| CU.PR.A |
PerpetualPremium |
50,500 |
RBC crossed 50,000 @ $26.90. The pre-tax YTW is only 3.59%, based on a March, 2008 call. If it survives through the declining-premium period until March 2012, its yield will have been 4.37%. Pays $1.45 (with a Pfd-2 rating from DBRS), so there’s a reasonable chance it will make it. Still … only 4.37% at best, with no upside on yield declines! Pass. |
| PWF.PR.I |
PerpetualPremium |
40,500 |
Scotia crossed 38,000 @ $26.95. An even higher-premium issue than the CU.PR.A, above, paying $1.50 with a pre-tax YTW of 3.91% based on a May, 2008, call. 4.59% if it survives to 2012 and the $25.00 call price, but you won’t catch me betting on it! |
There were nine other index-included issues trading over 10,000 shares today.
This entry was posted on Wednesday, September 20th, 2006 at 10:19 pm and is filed under Market Action. You can follow any responses to this entry through the RSS 2.0 feed.
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