| 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 |
4.29% |
4.29% |
39,724 |
16.79 |
2 |
-0.6360% |
1,010.9 |
| Fixed-Floater |
5.47% |
4.51% |
110,622 |
16.45 |
6 |
-0.5810% |
935.9 |
| Floater |
4.56% |
-17.95% |
56,394 |
0.13 |
4 |
-0.0584% |
1,061.1 |
| Op. Retract |
4.73% |
3.20% |
84,266 |
2.19 |
17 |
+0.0757% |
1,034.2 |
| Split-Share |
5.03% |
4.23% |
186,199 |
4.02 |
12 |
-0.0459% |
1,046.3 |
| Interest Bearing |
6.51% |
5.28% |
62,138 |
2.26 |
5 |
-0.0300% |
1,047.0 |
| Perpetual-Premium |
5.06% |
4.30% |
224,281 |
5.88 |
54 |
-0.0939% |
1,055.2 |
| Perpetual-Discount |
4.55% |
4.84% |
791,811 |
16.25 |
11 |
-0.0473% |
1,060.7 |
| Major Price Changes |
| Issue |
Index |
Change |
Notes |
| BCE.PR.G |
FixedFloater |
-2.6655% |
Exchange/Reset date is 2011-05-01 (exchange to BCE.PR.H); until then, they pay 4.35% of par. They closed at 21.91-44, 3×4. The BCE.PR.H closed at 24.00-40, 1×3. |
| FTN.PR.A |
SplitShare |
-1.4286% |
The hoped-for term extension was denied. Now with a pre-tax bid-YTW of 3.15% based on a bid of 10.35 and a hardMaturity 2008-12-01 at 10.00 |
| CU.PR.B |
PerpetualPremium |
-1.1426% |
Perhaps due to competition from the new issue. Now with a pre-tax bid-YTW of 3.78%, based on a bid of 26.82 and a call 2008-07-01 at $26.00. If they last until their call 2012-7-1 at $25.00, they will have yielded 4.63% – about the same as the 4.60% new issue, but with risk of lower yields if it’s called earlier. |
| BCE.PR.H |
RatchetRate |
-1.0309% |
Exchange/Reset date is 2011-05-01 (exchange with BCE.PR.G). |
| IAG.PR.A |
PerpetualPremium |
-1.0000% |
Now with a pre-tax bid-YTW of 4.68% based on a bid of 24.75 and a limitMaturity. |
| Volume Highlights |
| Issue |
Index |
Volume |
Notes |
| BNS.PR.L |
PerpetualDiscount |
123,300 |
National crossed 100,000 at 24.91; Scotia crossed 16,000 at the same price. Now with a pre-tax bid-YTW of 4.53% based on a bid of 24.90 and a limitMaturity. |
| PWF.PR.I |
PerpetualPremium |
102,650 |
TD crossed 40,000 at 26.16, then 51,000 at 26.25. Now with a pre-tax bid-YTW of 4.92% based on a call 2009-5-30 at 25.75 (or 2010-5-30 at 25.50). Great-West will release the 1st quarter results on May 3; there may be some clues at that time as to how the group intends to finance the Putnam Purchase. |
| POW.PR.D |
PerpetualPremium |
69,690 |
TD crossed 50,700 at 26.32. Now with a pre-tax bid-YTW of 4.43% based on a bid of 25.98 and a call 2014-11-30 at 25.00. |
| PWF.PR.K |
PerpetualPremium |
67,862 |
Now with a pre-tax bid-YTW of 4.44% based on a bid of 25.83 and a call 2014-11-30 at 25.00. |
| PWF.PR.L |
PerpetualPremium |
55,500 |
Nesbitt crossed 40,000 at 26.15, Scotia crossed 11,500 at 26.12. Now with a pre-tax bid-YTW of 4.49% based on a bid of 26.11 and a call 2015-11-30 at 25.00. |
There were thirty-six other $25-equivalent index-included issues trading over 10,000 shares today.
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