Well, Co-operators announced that the redemption procedure for CCS.PR.A isn’t quite exactly what was previously announced, and the BCE fixed-floaters had a monster day – presumably related to the Telus news, but who can tell?
| 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 |
5.70% |
5.81% |
30,988 |
14.35 |
2 |
-0.3314% |
949.3 |
| Fixed-Floater |
5.42% |
5.59% |
139,892 |
14.70 |
7 |
+2.7158% |
928.9 |
| Floater |
4.83% |
2.39% |
92,354 |
5.67 |
3 |
-0.0536% |
1,048.5 |
| Op. Retract |
4.82% |
3.74% |
87,100 |
2.96 |
17 |
-0.1309% |
1,022.2 |
| Split-Share |
5.03% |
4.61% |
164,573 |
3.99 |
15 |
-0.0259% |
1,041.6 |
| Interest Bearing |
6.79% |
7.09% |
87,945 |
6.13 |
4 |
+0.0870% |
1,025.2 |
| Perpetual-Premium |
5.42% |
5.20% |
150,800 |
8.35 |
34 |
-0.0760% |
1,017.0 |
| Perpetual-Discount |
5.05% |
5.09% |
520,724 |
15.34 |
29 |
+0.3783% |
967.2 |
| Major Price Changes |
| Issue |
Index |
Change |
Notes |
| BAM.PR.J |
OpRet |
-1.2121% |
New low of 26.11 today. Now with a pre-tax bid-YTW of 4.90% based on a bid of 26.08 and a softMaturity 2018-3-30 at 25.00. |
| POW.PR.D |
PerpetualDiscount |
+1.0000% |
Now with a pre-tax bid-YTW of 5.15% based on a bid of 24.24 and a limitMaturity. |
| RY.PR.A |
PerpetualDiscount |
+1.2999% |
Now with a pre-tax bid-YTW of 4.97% based on a bid of 22.60 and a limitMaturity. |
| BCE.PR.C |
FixFloat |
+1.7391% |
Exchange/Reset date is 2008-3-1 (exchanges with series ‘AD’, not issued); until then, pays 5.54% of par. Closed at 23.40-54, 5×5. |
| BCE.PR.A |
FixFloat |
+2.2897% |
Exchange/Reset date is 2007-9-1 (exchanges with series ‘AB’, not issued); until then, pays 5.45% of par. Closed at 23.23-39, 6×4. |
| BCE.PR.G |
FixFloat |
+4.1463% |
Exchange/Reset date is 2011-5-1 (exchanges with BCE.PR.H); until then, pays 4.35% of par. The Gs closed at 21.35-22.99 (nice spread!), 2×3; the Hs closed at 22.82-50, 5×8. |
| BCE.PR.I |
FixFloat |
+5.1733% |
Exchange/Reset date is 2011-8-1 (exchanges with series ‘AJ’, not issued); until then, pays 4.65% of par. Closed at 21.55-85, 18×1. |
| BCE.PR.R |
FixFloat |
+6.2038% |
Exchange/Reset date is 2010-12-1 (exchanges with series ‘Q’, not issued); until then, pays 4.54% of par. Closed at 21.57-07, 9×1. |
| Volume Highlights |
| Issue |
Index |
Volume |
Notes |
| RY.PR.C |
PerpetualDiscount |
110,775 |
Nesbitt crossed 100,000 at 23.00. Now with a pre-tax bid-YTW of 5.06% based on a bid of 22.96 and a limitMaturity. |
| BCE.PR.C |
FixFloat |
53,475 |
Exchange/Reset date is 2008-3-1 (exchanges with series ‘AD’, not issued); until then, pays 5.54% of par. Closed at 23.40-54, 5×5. |
| BMO.PR.J |
PerpetualDiscount |
45,558 |
Now with a pre-tax bid-YTW of 5.09% based on a bid of 22.30 and a limitMaturity. |
| MFC.PR.C |
PerpetualDiscount |
37,150 |
Now with a pre-tax bid-YTW of 4.93% based on a bid of 22.90 and a limitMaturity. |
| BCE.PR.R |
FixFloat |
36,830 |
Exchange/Reset date is 2010-12-1 (exchanges with series ‘Q’, not issued); until then, pays 4.54% of par. Closed at 21.57-07, 9×1. |
There were twenty-five other $25-equivalent index-included issues trading over 10,000 shares today.
This entry was posted on Thursday, June 21st, 2007 at 11:45 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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