| Note that these indices are experimental; the absolute and relative daily values are expected to change in the final version |
| Index |
Mean Current Yield (at bid) |
Mean YTW |
Mean Average Trading Value |
Mean Mod Dur (YTW) |
Issues |
Day’s Perf. |
Index Value |
| Ratchet |
4.15% |
4.06% |
47,795 |
10.64 |
2 |
0.0000% |
1,019.9 |
| Fixed-Floater |
4.97% |
3.88% |
180,376 |
8.70 |
7 |
0.0007% |
1,024.8 |
| Floater |
4.53% |
-15.97% |
77,748 |
6.50 |
5 |
0.0081% |
1,018.5 |
| Op. Retract |
4.68% |
2.02% |
88,293 |
2.40 |
17 |
0.0466% |
1,018.2 |
| Split-Share |
4.93% |
3.68% |
159,407 |
3.29 |
11 |
0.0441% |
1,022.7 |
| Interest Bearing |
6.91% |
5.19% |
55,968 |
2.01 |
7 |
-0.1142% |
1,019.9 |
| Perpetual-Premium |
5.09% |
3.55% |
220,936 |
4.31 |
47 |
0.1062% |
1,035.6 |
| Perpetual-Discount |
4.58% |
4.61% |
560,158 |
16.19 |
7 |
0.0235% |
1,035.1 |
| Major Price Changes |
| Issue |
Index |
Change |
Notes |
| There were no index-included issues with major price changes today. |
| Volume Highlights |
| Issue |
Index |
Volume |
Notes |
| LBS.PR.A |
SplitShare |
295,275 |
Recent new issue. Despite its leap to a hefty premium above par, this still looks attractive, with a YTW of 4.28% based on a bid of 10.59 and a maturity at $10.00 in November 2013. |
| PWF.PR.H |
PerpetualPremium |
276,340 |
RBC crossed 270,000 @ 26.45. At the closing bid of 26.43, this has a pre-tax YTW of 3.99%, paying $1.4375 until the YTW call 2008-1-9. If it lasts until 2012-1-9, it will have returned 4.50% … if it does, in fact, last that long! |
| W.PR.J |
PerpetualPremium |
129,360 |
Scotia crossed 50,000 @ 25.45, and followed up with another of 69,200 shares at the same price. This is an attractive issue … pre-tax YTW of 4.74% based on a call 2008-8-14 and a bid of $25.40. |
| WN.PR.A |
PerpetualPremium |
95,720 |
Scotia crossed 50,000 @ $26.20 and then did another tranche of 42,000 at the same price. Another attractive, Pfd-2(low) [DBRS] issue, with a YTW of 4.81% based on a call 2011-1-14. |
| GWO.PR.H |
PerpetualPremium |
56,340 |
Scotia (again!) crossed 50,000 @ 25.55. A nice issue, this, even if simply fairly priced – good credit, good daily volume, and a pre-tax YTW of 4.67% based on a call 2014-10-30. It pays $1.2125. Now, compare this issue with the PWF.PR.H mentioned above, and explain to me how the prices may be reconciled! |
There were nineteen other index-included issues trading over 10,000 shares today.
This entry was posted on Wednesday, October 18th, 2006 at 9:30 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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