There was the usual news today: A story about the bonds dip (I know him, he’s the guy at [Deleted on Legal Advice]), Treasuries dropped, credit spreads widened (even in America), Korea tightened, and there are fears Japan might tighten. Same old.
| 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 |
5.32% |
5.34% |
27,793 |
14.93 |
2 |
+0.9492% |
1,019.2 |
| Fixed-Floater |
5.05% |
5.36% |
140,345 |
15.00 |
8 |
-0.0912% |
998.7 |
| Floater |
4.66% |
-0.18% |
77,866 |
8.43 |
4 |
+0.1107% |
1,048.8 |
| Op. Retract |
4.83% |
4.01% |
86,057 |
3.02 |
16 |
-0.0671% |
1,021.3 |
| Split-Share |
5.05% |
4.64% |
122,364 |
3.99 |
17 |
+0.1152% |
1,045.9 |
| Interest Bearing |
6.19% |
6.27% |
68,186 |
4.44 |
3 |
-0.0339% |
1,039.6 |
| Perpetual-Premium |
5.54% |
5.10% |
120,245 |
5.67 |
26 |
+0.1568% |
1,021.6 |
| Perpetual-Discount |
5.11% |
5.14% |
373,572 |
14.87 |
38 |
-0.1460% |
965.0 |
| Major Price Changes |
| Issue |
Index |
Change |
Notes |
| ELF.PR.G |
PerpetualDiscount |
-2.8033% |
Perhaps related to its removal from the S&P/TSX Index? None of the other removals were hit nearly as badly. Now with a pre-tax bid-YTW of 5.65% based on a bid of 21.15 and a limitMaturity. |
| PWF.PR.F |
PerpetualPremium (for now!) |
-1.0121% |
Added to the index. Now with a pre-tax bid-YTW of 5.37% based on a bid of 24.45 and a limitMaturity. |
| IAG.PR.A |
PerpetualDiscount |
+1.2826% |
Now with a pre-tax bid-YTW of 5.05% based on a bid of 22.90 and a limitMaturity. |
| BCE.PR.S |
Ratchet |
+1.4799% |
|
| MIC.PR.A |
PerpetualPremium (Recent add) |
+1.1760% |
Now with a pre-tax bid-YTW of 5.44% based on a bid of 25.75 and a call 2012-1-30 at 25.00. |
| NA.PR.K |
PerpetualPremium |
+1.4479% |
Ex-Dividend today. Now with a pre-tax bid-YTW of 3.99% based on a bid of 26.25 and a call 2008-6-14 at 26.00. |
| Volume Highlights |
| Issue |
Index |
Volume |
Notes |
| AL.PR.F |
Scraps (would be Floater, but there are volume concerns) |
151,725 |
Ex-Dividend today for $0.28125. Global crossed 75,600 at 24.97 for cash, then 75,600 at 24.68 for regular settlement. |
| HSB.PR.D |
PerpetualPremium |
51,700 |
Scotia crossed 50,000 at 25.20. Now with a pre-tax bid-YTW of 4.98% based on a bid of 25.12 and a call 2015-1-30 at 25.00. |
| CIU.PR.A |
PerpetualDiscount |
25,700 |
Added to the index. RBC crossed 25,000 at 23.10. Now with a pre-tax bid-YTW of 5.06% based on a bid of 23.01 and a limitMaturity. |
| CM.PR.J |
PerpetualDiscount |
25,560 |
Now with a pre-tax bid-YTW of 5.12% based on a bid of 22.02 and a limitMaturity. |
| CM.PR.D |
PerpetualPremium |
18,261 |
Now with a pre-tax bid-YTW of 5.01% based on a bid of 25.77 and a call 2012-5-30 at 25.00 |
There were fifteen other $25-equivalent index-included issues trading over 10,000 shares today.
This entry was posted on Thursday, July 12th, 2007 at 12:00 am and is filed under Market Action. You can follow any responses to this entry through the RSS 2.0 feed.
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