Today’s BCE news is that they’re talking to Telus (rated A(low) by DBRS, BBB+ by S&P). We shall see.
| 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 |
5.57% |
5.77% |
29,846 |
14.41 |
2 |
-0.3525% |
952.4 |
| Fixed-Floater |
5.56% |
5.74% |
135,683 |
14.53 |
7 |
+0.5257% |
904.3 |
| Floater |
4.83% |
2.06% |
92,812 |
5.67 |
3 |
+0.2984% |
1,049.0 |
| Op. Retract |
4.81% |
3.72% |
87,440 |
2.83 |
17 |
+0.1635% |
1,023.6 |
| Split-Share |
5.03% |
4.59% |
167,459 |
4.00 |
15 |
-0.1252% |
1,041.9 |
| Interest Bearing |
6.79% |
7.11% |
89,313 |
6.13 |
4 |
+0.0974% |
1,024.3 |
| Perpetual-Premium |
5.42% |
5.19% |
150,643 |
7.58 |
34 |
+0.0451% |
1,017.7 |
| Perpetual-Discount |
5.06% |
5.11% |
527,523 |
15.31 |
29 |
+0.0964% |
963.6 |
| Major Price Changes |
| Issue |
Index |
Change |
Notes |
| CL.PR.B |
PerpetualPremium |
-1.1154% |
Now with a pre-tax bid-YTW of 5.37% based on a bid of 25.71 and a call 2011-1-30 at 25.00. Still not called, despite their recent financing. Astonishing; I can only suppose they’re waiting to complete the rest of their capital markets programme. |
| BCE.PR.A |
FixFloat |
-1.0889% |
|
| PWF.PR.K |
PerpetualDiscount |
-1.0200% |
Now with a pre-tax bid-YTW of 5.17% based on a bid of 24.26 and a limitMaturity. |
| BCE.PR.Z |
FixFloat |
+1.0545% |
|
| PWF.PR.D |
OpRet |
+1.1043% |
Now with a pre-tax bid-YTW of 1.80% based on a bid of 26.55 and a call 2007-11-30 at $26.00. |
| BCE.PR.I |
FixFloat |
+1.1852% |
|
| BCE.PR.R |
FixFloat |
+1.4486% |
|
| BCE.PR.G |
FixFloat |
+1.6865% |
|
| Volume Highlights |
| Issue |
Index |
Volume |
Notes |
| CCS.PR.C |
Scraps (Would be PerpetualDiscount, but there are credit concerns). |
401,000 |
THUMP! Somebody bit the bullet on this ill-fated underwriting, down 4.0870% on the day as Scotia crossed 400,000 at 22.00. Now with a pre-tax bid-YTW of 5.71% based on a bid of 22.06 and a limitMaturity. |
| RY.PR.E |
PerpetualDiscount |
125,850 |
Now with a pre-tax bid-YTW of 5.05% based on a bid of 22.50 and a limitMaturity. |
| POW.PR.B |
PerpetualPremium (for now!) |
56,418 |
Now with a pre-tax bid-YTW of 5.40% based on a bid of 24.74 and a limitMaturity. |
| GWO.PR.H |
PerpetualDiscount |
32,898 |
Now with a pre-tax bid-YTW of 5.13% based on a bid of 23.71 and a limitMaturity. |
| BMO.PR.J |
PerpetualDiscount |
27,650 |
Now with a pre-tax bid-YTW of 5.09% based on a bid of 22.31 and a limitMaturity. |
| SLF.PR.B |
PerpetualDiscount |
25,720 |
Now with a pre-tax bid-YTW of 5.03% based on a bid of 23.89 and a limitMaturity. |
There were nineteen other $25-equivalent index-included issues trading over 10,000 shares today.
This entry was posted on Wednesday, June 20th, 2007 at 11:15 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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