Category: Market Action

Market Action

April 16, 2007

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 4.14% 4.11% 43,992 17.08 2 +0.5045% 1,041.9
Fixed-Floater 5.02% 4.02% 93,975 17.06 6 -0.4046% 1,018.1
Floater 4.57% -15.74% 56,073 0.13 4 +0.0100% 1,055.8
Op. Retract 4.73% 3.17% 84,022 2.11 17 -0.0949% 1,033.8
Split-Share 5.02% 3.79% 156,666 3.17 12 -0.0604% 1,049.1
Interest Bearing 6.52% 5.60% 63,254 2.28 5 -0.0944% 1,044.5
Perpetual-Premium 5.04% 3.97% 186,958 5.31 53 -0.0256% 1,059.0
Perpetual-Discount 4.53% 4.56% 873,569 16.30 11 -0.0656% 1,064.8
Major Price Changes
Issue Index Change Notes
BCE.PR.G FixedFloater -1.5758% Exchange/Reset date is 2011-05-01. The carnage in BCE issues continues! This issue traded as low as 24.17, a 52-week low, before closing at 24.36-84, 10×10.
CM.PR.P PerpetualPremium -1.0158% Odd! I haven’t noticed the CIBC walking into any sharp objects lately. Now with a very attractive pre-tax bid-YTW of 4.43% based on a bid of 26.31 and a call 2012-11-28 at $25.00.
Volume Highlights
Issue Index Volume Notes
SLF.PR.E PerpetualDiscount 80,935 Desjardins crossed 50,000 at 24.99. Now with a pre-tax bid-YTW of 4.54% based on a bid of 24.92 and a limitMaturity.
CU.PR.B PerpetualPremium 56,400 Nesbitt crossed 40,000 at 27.20, then Scotia crossed 10,000 at the same price. Perhaps the sellers were making room for the pending new issue – but then, what were the buyers doing? Now with a pre-tax bid-YTW of 3.06% based on a bid of 27.02 and a call 2008-07-01 at $26.00 … it won’t yield much more than bonds, unless CU decides to waive the call.
W.PR.H PerpetualPremium 51,200 Scotia crossed 50,000 at 26.65. Now with a pre-tax bid-YTW of 4.25% based on a bid of 26.63 and a call 2013-2-14 at $25.00.
PWF.PR.I PerpetualPremium 41,200 Nesbitt crossed 40,000 at 26.65. Now with a pre-tax bid-YTW of 3.81% based on a bid of $26.50 and a call 2008-05-30 at $26.00.
CM.PR.I PerpetualPremium 32,650 Now with a pre-tax bid-YTW of 4.56% based on a bid of 25.27 and a call 2016-03-01 at $25.00

There were thirteen other “$25 p.v. equivalent” index-included issues with over 10,000 shares traded today.

Market Action

April 13, 2007

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 4.17% 4.14% 45,838 17.04 2 -0.2605% 1,036.7
Fixed-Floater 5.00% 4.01% 92,841 17.10 6 -0.0208% 1,022.3
Floater 4.57% -18.59% 56,979 0.13 4 +0.0592% 1,055.7
Op. Retract 4.72% 3.07% 84,123 2.12 17 -0.0130% 1,034.8
Split-Share 5.01% 3.68% 158,554 3.18 12 +0.0095% 1,049.7
Interest Bearing 6.52% 5.36% 63,646 2.29 5 +0.1509% 1,045.5
Perpetual-Premium 5.04% 3.95% 188,012 5.07 53 -0.0032% 1,059.3
Perpetual-Discount 4.53% 4.55% 890,245 16.31 11 -0.0473% 1,065.5
Major Price Changes
Issue Index Change Notes
BCE.PR.I FixedFloater -1.4022%  Exchange/Reset date is 2011-08-01
BCE.PR.R FixedFloater +1.0971%  Exchange/Reset date is 2010-12-01
Volume Highlights
Issue Index Volume Notes
PWF.PR.I PerpetualPremium 209,690 Now with a pre-tax bid-YTW of 4.35% based on a bid of $26.34 and a call 2008-05-30 at $26.00
TD.PR.O PerpetualPremium 60,100 NationalBank crossed 50,000 @ 26.35. Now with a pre-tax bid-YTW of 4.05% based on a bid of 26.29 and a call 2014-11-30 at $25.00.
PIC.PR.A SplitShare 87,305 National Bank spent the day buying from Nesbitt. Now with a pre-tax bid-YTW of 3.93% based on a bid of $15.87 and a hardMaturity 2010-11-1 at $15.00.
BNS.PR.M PerpetualDiscount 52,600 Recent new issue. Scotia crossed 20,000 @ 24.90. Now with a pre-tax bid-YTW of 4.54% based on a bid of 24.90 and a limitMaturity.
BCE.PR.A FixedFloater 35,650 RBC crossed 30,000 @ 24.95. These are convertable into the not-currently-extant series ‘AB’ Ratchet Rates, 2007-9-1, at which point the current dividend of $1.3625 (5.03% of par) will be reset. Bet it’s lower!

There were seventeen other “$25 p.v. equivalent” index-included issues with over 10,000 shares traded today.

Market Action

April 12, 2007

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 4.16% 4.13% 46,302 17.05 2 -0.2194% 1,039.4
Fixed-Floater 5.00% 4.01% 90,778 17.11 6 -0.4378% 1,022.5
Floater 4.58% -18.29% 57,706 0.13 4 +0.0493% 1,055.1
Op. Retract 4.72% 3.06% 85,131 2.12 17 +0.0688% 1,035.0
Split-Share 5.01% 3.71% 159,692 3.19 12 +0.0231% 1,049.6
Interest Bearing 6.53% 5.19% 63,809 2.29 5 -0.2553% 1,043.9
Perpetual-Premium 5.04% 3.93% 188,093 5.09 53 +0.0536% 1,059.3
Perpetual-Discount 4.53% 4.55% 906,951 16.32 11 +0.0367% 1,066.0
Major Price Changes
Issue Index Change Notes
BCE.PR.R FixedFloater -1.0454% Quick, says someone, get out of BCE before a leveraged buy-out turns the credit to junk! This one pays 4.54%, with the rate being reset 2010-12-01, at which point it is also exchangeable into a ratchet-rate.
Volume Highlights
Issue Index Volume Notes
BCE.PR.A FixedFloater 255,890 Desjardins crossed 140,000 at 24.50, then another 98,000 at the same price. Somebody took a real haircut to get out of BCE in size – yesterday it was bid at 25.01, and closed today at 24.83-04. I tell people: this kind of instrument is not money market! Not with perpetual credit risk, it isn’t. But nobody ever listens.
SLF.PR.B PerpetualPremium 44,100 Nesbitt crossed 40,000 at 25.82. Now with a pre-tax bid-YTW of 4.35% based on a bid of $25.80 and a call 2014-10-30 at $25.00.
CM.PR.I PerpetualPremium 24,011 Now with a pre-tax bid-YTW of 4.51% based on a bid of 25.35 and a call 2016-3-1 at $25.00
SLF.PR.D PerpetualDiscount 16,785 Now with a pre-tax bid-YTW of 4.51% based on a bid of 24.76 and a limitMaturity.
BNS.PR.M PerpetualDiscount 16,650 Recent new issue. Now with a pre-tax bid-YTW of 4.54% based on a bid of 24.89 and a limitMaturity.

There were eleven other “$25 p.v. equivalent” index-included issues with over 10,000 shares traded today.

Market Action

April 11, 2007

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 4.15% 4.12% 47,353 17.07 2 -0.8161% 1,041.7
Fixed-Floater 4.98% 3.98% 88,663 17.12 6 +0.0805% 1,027.0
Floater 4.58% -17.80% 58,087 0.13 4 -0.1275% 1,054.5
Op. Retract 4.72% 3.15% 84,881 2.13 17 +0.0050% 1,034.2
Split-Share 5.00% 3.77% 160,236 3.18 12 +0.0935% 1,049.4
Interest Bearing 6.51% 3.65% 64,109 2.29 5 +0.3053% 1,046.6
Perpetual-Premium 5.04% 3.95% 189,738 5.07 53 +0.0707% 1,058.8
Perpetual-Discount 4.53% 4.55% 933,621 16.32 11 +0.0366% 1,065.6
Major Price Changes
Issue Index Change Notes
BCE.PR.H RatchetRate -1.0396% I thought ratchets weren’t supposed to do this! These will be exchangeable into BCE.PR.G (fixed-reset) May 1, 2011. The BCE.PR.H are currently paying $0.09375 monthly = $1.125 annually = 4.5% = 75% of Canadian Prime.
W.PR.H PerpetualPremium +1.0960% On volume of 6,291 shares, an active day for this issue. It traded as high as 27.00, closing at 26.75-89, 1×1. Now with a pre-tax bid-YTW of 4.15% based on a call 2013-2-14 at $25.00
Volume Highlights
Issue Index Volume Notes
AL.PR.F Scraps (would be Floater, but there are volume concerns) 164,229 Went ex-dividend today, and the indefatigable traders at Global were crossing 82,000 for cash at 25.87, and the same number for regular settlement at 25.58.
CM.PR.J PerpetualDiscount 108,500 Now with a pre-tax bid-YTW of 4.54% based on a bid of 24.77 and a limitMaturity
ACO.PR.A OpRet 101,011 Scotia crossed 50,000 at 27.65, then another 50,000 at the same price. Now with a pre-tax bid-YTW of 2.44% based on a bid of 27.51 and a call 2008-12-31 at $26.00. There is obviously at least one buyer hoping for the softMaturity 2011-11-30 at $25.00, which will yield 3.56%. There are many such optimists: see Retractible Preferreds and Bonds.
BNS.PR.M PerpetualDiscount 71,800 Recent new issue. Now with a pre-tax bid-YTW of 4.53% based on a bid of 24.92 and a limitMaturity.
CM.PR.I PerpetualPremium 28,860 Now with a pre-tax bid-YTW of 4.55% based on a bid of $25.26 and a call 2016-03-01 at $25.00.

There were seven other “$25 p.v. equivalent” index-included issues with over 10,000 shares traded today.

Market Action

April 10, 2007

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 4.13% 4.08% 47,493 17.13 2 +0.0000% 1,050.2
Fixed-Floater 4.98% 3.98% 88,531 17.11 6 -0.4102% 1,026.2
Floater 4.57% -19.13% 58,497 0.13 4 +0.1183% 1,055.9
Op. Retract 4.72% 3.09% 84,569 2.13 17 +0.0822% 1,034.2
Split-Share 5.01% 3.82% 162,068 3.26 12 -0.0663% 1,048.4
Interest Bearing 6.53% 5.60% 64,134 2.29 5 +0.1210% 1,043.4
Perpetual-Premium 5.04% 3.95% 191,024 5.20 53 +0.0257% 1,058.0
Perpetual-Discount 4.53% 4.55% 946,431 16.32 11 -0.1058% 1,065.2
Major Price Changes
Issue Index Change Notes
BCE.PR.R FixedFloater -1.1160%  
Volume Highlights
Issue Index Volume Notes
BNS.PR.M PerpetualDiscount 72,600 Recent new issue. Now with a pre-tax bid-YTW of 4.54% based on a bid of 24.87 and a limitMaturity.
BCE.PR.A FixedFloater 44,700 Becomes exchangeble to Series “AB” Ratchet Rate Preferred 2007-09-01. The dividend rate paid on the BCE.PR.A will be reset at that time … I bet it will be less than the current $1.3625!
SLF.PR.D PerpetualDiscount 24,585 Now with a pre-tax bid-YTW of 4.52% based on a bid of 24.70 and a limitMaturity.
GWO.PR.H PerpetualPremium 22,185 Now with a pre-tax bid-YTW of 4.44% based on a bid of 25.73 and a call 2014-10-30 at $25.00.
CM.PR.J PerpetualDiscount 19,970 Now with a pre-tax bid-YTW of 4.54% based on a bid of $24.76 and a limitMaturity.

There were fifteen other “$25 p.v. equivalent” index-included issues with over 10,000 shares traded today.

Market Action

April 9, 2007

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 4.13% 4.09% 46,156 17.12 2 +0.0199% 1,050.2
Fixed-Floater 4.96% 3.97% 85,926 17.14 6 +0.1675% 1,030.4
Floater 4.58% -18.14% 59,641 0.09 4 +0.0100% 1,054.6
Op. Retract 4.73% 3.18% 84,566 2.19 17 +0.0338% 1,033.3
Split-Share 5.00% 3.80% 164,934 3.27 12 -0.0935% 1,049.1
Interest Bearing 6.54% 4.38% 62,821 2.28 5 +0.0640% 1,042.2
Perpetual-Premium 5.04% 3.95% 192,316 5.38 53 -0.0716% 1,057.7
Perpetual-Discount 4.53% 4.54% 962,934 16.33 11 -0.0400% 1,066.4
Major Price Changes
Issue Index Change Notes
There were no index-included issues with major price moves today.
Volume Highlights
Issue Index Volume Notes
BNS.PR.M PerpetualDiscount 58,290 Recent new issue. Now with a pre-tax bid-YTW of 4.54% based on a bid of 24.87 and a limitMaturity.
CM.PR.D PerpetualPremium 43,349 TD crossed 35,000 at 26.67. Now with a pre-tax bid-YTW of 3.26% based on a bid of 26.59 and a call 2008-5-30 at $26.00.
WN.PR.E PerpetualDiscount 20,093 Now with a pre-tax bid-YTW of 4.80% based on a bid of 24.86 and a limitMaturity. Not bad, if the credit stays good!
SLF.PR.E PerpetualDiscount 17,020 Now with a pre-tax bid-YTW of 4.54% based on a bid of 24.91 and a limitMaturity.
RY.PR.F PerpetualDiscount 15,500 Recent new issue. Now with a pre-tax bid-YTW of 4.52% based on a bid of $24.80 and a limitMaturity.

There were six other “$25 p.v. equivalent” index-included issues with over 10,000 shares traded today.

Market Action

April 5, 2007

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 4.14% 4.09% 48,057 17.12 2 +0.0000% 1,050.0
Fixed-Floater 4.97% 3.99% 87,413 17.14 6 -0.5028% 1,028.7
Floater 4.58% -17.77% 61,718 0.09 4 -0.0392% 1,054.5
Op. Retract 4.73% 3.16% 84,998 2.14 17 +0.0757% 1,033.0
Split-Share 5.00% 3.74% 168,106 3.20 12 -0.0298% 1,050.1
Interest Bearing 6.54% 3.45% 63,137 2.29 5 -0.1420% 1,041.5
Perpetual-Premium 5.04% 3.83% 195,008 5.12 53 -0.0435% 1,058.5
Perpetual-Discount 4.52% 4.54% 981,834 15.48 11 -0.0215% 1,066.8
Major Price Changes
Issue Index Change Notes
GWO.PR.H PerpetualPremium -1.1197% On volume of 11,555 shares, about average for this issue. Now with a pre-tax bid-YTW of 4.50% based on a bid of 25.61 and a call 2014-10-30 at $25.00
Volume Highlights
Issue Index Volume Notes
BNS.PR.M PerpetualDiscount 724,590 New issue settled today. Now with a pre-tax bid-YTW of 4.54% based on a bid of 24.87 and a limitMaturity.
BCE.PR.C FixedFloater 62,000 Becomes exchangeable into the Ratchet-Rate series AD March 1, 2008. Until then, it pays a fixed dividend of $1.385 p.a. Afterwards … I bet it’s less!
PWF.PR.K PerpetualPremium 54,102 Now with a pre-tax bid-YTW of 4.51% based on a bid of $25.66 and a call 2014-11-30 at $25.00.
BCE.PR.A FixedFloater 52,330 Exchangeable into Ratchet-Rate series AB on September 1, 2007. Until then, it pays $1.3625 p.a. … afterwards … who knows?
BCE.PR.H RatchetRate 41,900  

There were thirteen other “$25 p.v. equivalent” index-included issues with over 10,000 shares traded today.

Market Action

April 4, 2007

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 4.14% 4.10% 45,864 17.11 2 +0.0004% 1,050.0
Fixed-Floater 4.95% 3.96% 85,337 17.16 6 -0.4319% 1,033.9
Floater 4.58% -18.22% 61,752 0.26 4 -0.2152% 1,055.0
Op. Retract 4.73% 3.18% 85,831 2.15 17 -0.1758% 1,032.2
Split-Share 5.00% 3.69% 170,502 3.21 12 +0.0333% 1,050.4
Interest Bearing 6.53% 3.04% 63,163 2.29 5 +0.0481% 1,043.0
Perpetual-Premium 5.04% 3.85% 197,137 5.13 53 +0.0202% 1,059.0
Perpetual-Discount 4.53% 4.54% 825,567 16.34 10 +0.0121% 1,067.0
Major Price Changes
Issue Index Change Notes
BCE.PR.I FixedFloater -1.7289% On high volume (for this issue) of 17,277 shares.
Volume Highlights
Issue Index Volume Notes
SLF.PR.E PerpetualDiscount 261,200 National Bank crossed 50,000 at 24.95. Now with a pre-tax bid-YTW of 4.52% based on a bid of $24.95 and a limitMaturity.
TD.PR.M OpRet 122,100 Went ex-dividend today and Global crossed 60,800 for cash at 27.51 and 60,800 for regular settlement at 27.21. Now with a pre-tax bid-YTW of 3.04% based on a bid of 26.72 and a call 2009-5-30 at 26.00.
BCE.PR.A FixedFloater 100,400 RBC bought two tranches of 10,000 shares each from National Bank at 25.05; Nesbitt crossed 50,000 at 25.06.
RY.PR.W PerpetualPremium 71,340 RBC crossed 60,000 at 26.30. Now with a pre-tax bid-YTW of 4.21% based on a bid of $26.21 and a call 2014-3-26 at $25.00.
SLF.PR.C PerpetualDiscount 40,600 Nesbitt crossed 30,000 at 24.85. Now with a pre-tax bid-YTW of 4.51% based on a bid of $24.76 and a limitMaturity.

There were sixteen other “$25 p.v. equivalent” index-included issues with over 10,000 shares traded today.

Market Action

April 3, 2007

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 4.14% 4.04% 46,177 17.11 2 -0.1585% 1,050.0
Fixed-Floater 4.92% 3.92% 83,859 17.17 6 +0.1393% 1,038.3
Floater 4.57% -20.01% 60,320 0.13 4 +0.1974% 1,057.2
Op. Retract 4.72% 3.12% 85,510 2.15 17 -0.0459% 1,034.0
Split-Share 5.00% 3.74% 174,820 3.29 12 -0.1428% 1,050.0
Interest Bearing 6.54% 3.03% 64,071 2.30 5 +0.0125% 1,042.5
Perpetual-Premium 5.03% 3.84% 197,908 5.12 53 -0.0705% 1,058.8
Perpetual-Discount 4.53% 4.54% 827,894 16.34 10 -0.0158% 1,066.9
Major Price Changes
Issue Index Change Notes
CU.PR.B PerpetualPremium -1.0989% I suppose the new issue announcement has alerted some to the idea that the various high-coupon, high-premium CU issues may be less perpetual than has been assumed! Now with a pre-tax bid-YTW of 3.03% based on a bid of $27.00 and a call 2008-7-1 at $26.00.
Volume Highlights
Issue Index Volume Notes
NA.PR.K PerpetualPremium 129,000 Now with a pre-tax bid-YTW of 3.22% based on a bid of 26.93 and a call 2008-6-14 at $26.00
GWO.PR.I PerpetualDiscount 83,250 Now with a pre-tax bid-YTW of 4.51% based on a bid of $25.00 and a limitMaturity.
WN.PR.B OpRet 26,144 Now with a pre-tax bid-YTW of 3.13% based on a bid of $26.10 and a softMaturity 2009-6-30 at $25.00
SLF.PR.C PerpetualDiscount 22,338 Now with a pre-tax bid-YTW of 4.50% based on a bid of 24.78 and a limitMaturity.
RY.PR.F PerpetualDiscount 18,860 Now with a pre-tax bid-YTW of 4.53% based on a bid of 24.70 and a limitMaturity.

There were thirteen other “$25 p.v. equivalent” index-included issues with over 10,000 shares traded today.

Market Action

April 2, 2007

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 4.14% 4.05% 47,109 10.57 2 -0.0794% 1,051.7
Fixed-Floater 4.93% 3.95% 85,569 17.17 6 -0.0586% 1,036.9
Floater 4.58% -18.57% 61,156 0.40 4 -0.0393% 1,055.1
Op. Retract 4.72% 3.08% 85,331 2.15 17 +0.0494% 1,034.5
Split-Share 4.99% 3.61% 179,325 3.21 12 -0.1228% 1,051.5
Interest Bearing 6.54% 3.18% 64,163 2.30 5 -0.3411% 1,042.4
Perpetual-Premium 5.02% 3.64% 200,132 5.13 53 -0.0299% 1,059.5
Perpetual-Discount 4.52% 4.54% 839,017 16.35 10 +0.0204% 1,067.1
Major Price Changes
Issue Index Change Notes
BSD.PR.A InterestBearing -1.8627% TD did a little selling late in the day that appears to have taken the bid out. Probably just noise. Now with a pre-tax bid-YTW of 6.08% (INTEREST!) based on a bid of $10.01 and a hardMaturity 2015-3-31.
TD.PR.N OpRet +1.0636% On volume of 100 shares. Now with a pre-tax bid-YTW of 2.38% based on a bid of $27.03 and a call 2009-5-30 at $26.00. If it makes it to its softMaturity 2014-01-30 at $25.00, it will have yielded 3.23%. If.
TD.PR.M OpRet +1.3073% Now with a pre-tax bid-YTW of 2.31% based on a bid of $27.12 and a call 2009-5-30 at $26.00. It will have yielded 3.22% if it makes it to its softMaturity 2013-10-30 at $25.00. Again … I’m not holding my breath.
TD.PR.O PerpetualPremium +1.3351% TD common stock went ex-Dividend today. Did everybody re-invest in prefs? Now with a pre-tax bid-YTW of 3.90% based on a bid of $26.50 and a call 2014-11-30 at $25.00
See “Update”, below, re shaded elements of this table
Volume Highlights
Issue Index Volume Notes
PWF.PR.F PerpetualPremium 40,400 National Bank bought 37,100 from Nesbitt at $25.90. Now with a pre-tax bid-YTW of 4.52% based on a bid of $25.87 and a call 2010-12-30 at $25.00.
BMO.PR.G OpRet 37,523 Now with a pre-tax bid-YTW of 4.12% based on a bid of $25.20 and a call 2007-9-24 at $25.00.
SLF.PR.D PerpetualDiscount 29,238 RBC bought 10,000 from Scotia at $24.87. Now with a pre-tax bid-YTW of 4.49% based on a bid of $24.85 and a limitMaturity.
RY.PR.F PerpetualDiscount 24,243 Recent new issue. Now with a pre-tax bid-YTW of 4.53% based on a bid of $24.70 and a limitMaturity.
BAM.PR.M PerpetualPremium 21,177 Now with a pre-tax bid-YTW of 4.75% based on a bid of $25.05 and a call 2016-3-1 at $25.00.

There were ten other “$25 p.v. equivalent” index-included issues with over 10,000 shares traded today.

Update : TD dividends were inaccurately recorded. The ex-date was 4/4 for this dividend, not 4/2; hence, performance is shown here including a dividend that did not, in fact, become receivable.