| 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 |
4.08% |
4.10% |
28,327 |
17.23 |
1 |
-0.3175% |
1,044.4 |
| Fixed-Floater |
4.79% |
3.36% |
86,996 |
6.36 |
7 |
+0.3377% |
1,046.5 |
| Floater |
4.48% |
-21.55% |
55,437 |
6.59 |
5 |
-0.2655% |
1,047.8 |
| Op. Retract |
4.70% |
2.37% |
75,401 |
2.07 |
18 |
+0.0357% |
1,032.0 |
| Split-Share |
5.09% |
1.28% |
260,867 |
2.63 |
14 |
+0.0197% |
1,044.9 |
| Interest Bearing |
6.47% |
3.95% |
59,409 |
2.36 |
5 |
+0.3539% |
1,039.2 |
| Perpetual-Premium |
5.03% |
3.90% |
222,165 |
4.91 |
51 |
+0.0438% |
1,053.6 |
| Perpetual-Discount |
4.53% |
4.55% |
1,159,789 |
16.30 |
11 |
+0.0479% |
1,059.9 |
| Major Price Changes |
| Issue |
Index |
Change |
Notes |
| SXT.PR.A |
SplitShare |
+1.1623% |
I don’t get it. How about a word from the sponsor? “The special annual retraction date occurs on March 15th of each year. … The Company may redeem Preferred Shares on any annual retraction date at a price per share equal to $25.00 to the extent that Capital Shares are retracted under a special annual retraction.” I’ve brought this up before, but no one pays attention. Now with a pre-tax bid-YTW of -16.14% (NEGATIVE 16.14%) based on a bid of $26.11 and a call 2007-4-14 at $25.00. It will be most interesting to learn the percentage retraction this time ’round. |
| BSD.PR.A |
InterestBearing |
+1.6000% |
This one makes more sense. Now with a pre-tax bid-YTW of 5.97% (as interest) based on a bid of $10.16 and a hardMaturity 2015-3-31 at $10.00 |
| Volume Highlights |
| Issue |
Index |
Volume |
Notes |
| SLF.PR.D |
PerpetualDiscount |
56,437 |
Now with a pre-tax bid-YTW of 4.49% based on a bid of $24.65 and a limitMaturity. |
| AL.PR.E |
Floater |
51,125 |
TD crossed 44,300 at $26.50. |
| CM.PR.J |
PerpetualDiscount |
50,430 |
Recent New Issue. Now with a pre-tax bid-YTW of 4.53% based on a bid of $24.90 and a limitMaturity. |
| BNS.PR.L |
PerpetualPremium |
36,100 |
Recent New Issue. Now with a pre-tax bid-YTW of 4.51% based on a bid of $25.10 and either a call 2016-5-27 at $25.00, or a limitMaturity. Take your pick. |
| SLF.PR.E |
PerpetualDiscount |
23,900 |
Recent New Issue. Now with a pre-tax bid-YTW of 4.53% based on a bid of $24.76 and a limitMaturity. |
There were nine other “$25 p.v. equivalent” index-included issues with over 10,000 shares traded today.
This entry was posted on Monday, February 19th, 2007 at 10:43 pm and is filed under Market Action. You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.