| 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 | |||||||
| Index | Mean Current Yield (at bid) | Mean YTW | Mean Average Trading Value | Mean Mod Dur (YTW) | Issues | Day’s Perf. | Index Value |
| Ratchet | 4.13% | 4.13% | 24,583 | 17.19 | 1 | +0.0000% | 1,047.4 |
| Fixed-Floater | 4.82% | 3.63% | 80,292 | 8.11 | 7 | -0.1727% | 1,039.8 |
| Floater | 4.48% | -18.48% | 53,918 | 3.36 | 5 | -0.2812% | 1,046.5 |
| Op. Retract | 4.72% | 2.38% | 74,446 | 2.05 | 18 | -0.0727% | 1,029.9 |
| Split-Share | 5.11% | 0.47% | 234,389 | 2.78 | 14 | -0.2838% | 1,041.5 |
| Interest Bearing | 6.49% | 4.69% | 63,531 | 2.35 | 5 | -0.0195% | 1,039.4 |
| Perpetual-Premium | 5.03% | 3.84% | 213,338 | 5.02 | 51 | +0.0276% | 1,055.0 |
| Perpetual-Discount | 4.52% | 4.55% | 1,062,839 | 15.44 | 11 | +0.0731% | 1,062.4 |
| Major Price Changes | |||
| Issue | Index | Change | Notes |
| PIC.PR.A | SplitShare | -2.4375% | Those poor guys at Raymond James! As far as I can make out from the trades, all they wanted to do was sell a lousy 268 shares. Less than $5,000 worth. So the first 100 gets sold to TD at $15.96. That’s OK. That trade is stamped 3:33pm. But … the next 100 shares is timestamped 3:34pm! And sold to “Anonymous”! At $15.46! Sometimes huge trades like this can really move the market, you know? The issue closed at 15.61-00, 10×3. |
| ACO.PR.A | OpRet | -1.506% | Gets hit again, to close at $26.80-00, on volume of 1,405 shares, which traded in a range of $26.69-01. Actually, at the bid level of $26.80, it starts to look reasonable, with a pre-tax bid-YTW of 3.78% based on a call at $26.00 2008-12-31. |
| Volume Highlights | |||
| Issue | Index | Volume | Notes |
| GWO.PR.F | PerpetualPremium | 206,323 | Just like yesterday, lots of action with Desjardins in the thick of things. They crossed 175,000 at $28.11, then another 25,000 at the same price. Now with a pre-tax bid-YTW of 1.44%, based on a bid of $28.05 and a call 2008-10-30 at $26.00. |
| SLF.PR.E | PerpetualDiscount | 76,285 | Recent new issue. Now with a pre-tax bid-YTW of 4.52% based on a bid of $24.84 and a limitMaturity. |
| BNS.PR.L | PerpetualPremium | 40,400 | Recent new issue. Now with a pre-tax bid-YTW of 4.49% based on a bid of 25.15 and a call 2016-5-27 at 4.49%. |
| SLF.PR.D | PerpetualDiscount | 32,767 | Now with a pre-tax bid-YTW of 4.47% based on a bid of $24.80 and a limitMaturity. |
| RY.PR.E | PerpetualDiscount | 32,150 | Recent new issue. Now with a pre-tax bid-YTW of 4.52%, based on a bid of $25.12 and either a call at $25.00 on 2016-3-25, or a limitMaturity – take your pick. |
There were seventeen other “$25 p.v. equivalent” index-included issues with over 10,000 shares traded today.
If you want to read about all the excitement on the stock markets today, go read an equities blog!
Update : An equities blog like this one, for instance. Now, that’s funny! JH