| Note that these indices are experimental; the absolute and relative daily values are expected to change in the final version |
| Index |
Mean Current Yield (at bid) |
Mean YTW |
Mean Average Trading Value |
Mean Mod Dur (YTW) |
Issues |
Day’s Perf. |
Index Value |
| Ratchet |
4.33% |
4.34% |
50,761 |
16.79 |
1 |
0.6048% |
1,018.7 |
| Fixed-Floater |
4.91% |
3.90% |
263,184 |
9.00 |
6 |
0.1844% |
1,014.9 |
| Floater |
4.62% |
-18.77% |
98,080 |
8.13 |
4 |
0.0100% |
1,018.8 |
| Op. Retract |
4.68% |
2.11% |
85,380 |
2.11 |
18 |
0.0902% |
1,017.4 |
| Split-Share |
4.98% |
2.98% |
60,740 |
2.67 |
10 |
-0.0723% |
1,015.1 |
| Interest Bearing |
6.88% |
4.45% |
55,267 |
1.83 |
7 |
-0.0915% |
1,024.4 |
| Perpetual-Premium |
5.15% |
3.92% |
175,684 |
4.33 |
48 |
0.0310%* |
1,027.7* |
| Perpetual-Discount |
4.58% |
4.60% |
331,283 |
16.24 |
6 |
0.0403% |
1,039.9 |
| * Corrected due to error on ELF.PR.F |
| Major Price Changes |
| Issue |
Index |
Change |
Notes |
| ELF.PR.F |
PerpetualPremium |
-1.3268% |
Volume of 4,750 shares. Perhaps this price move is a result of the new issue? This issue now has a pre-tax YTW of 4.82%, based on a bid price of 26.03 and a call in 2013. They still look expensive to me. Note added 2006-09-29 : Mea Culpa. They went ex-dividend on 9/28, not 9/29 as I had originally recorded. So: the 9/28 total return wasn’t as exciting as first thought … but that just makes them more expensive |
| ACO.PR.A |
OpRet |
+2.3542% |
Vaults 3 places in the rankings to become the highest priced Operating Retractible! At the bid of $28.26, it has a pre-tax YTW of 1.78% based on a call in December 2008, but will have achieved 3.11% if it survives ’til its ‘Soft Maturity’ in 2011. |
| Volume Highlights |
| Issue |
Index |
Volume |
Notes |
| ACO.PR.A |
OpRet |
550,790 |
Desjardins bought 275,000 from ‘Anonymous’ at $28.10, then crossed 275,000 at $28.13 a minute (or so) later. |
| FTS.PR.F |
Scraps |
152,035 |
Sure, it’s only rated Pfd-3(high), but it’s its first day of trading, after all! Every issue should have one day in the sun! |
| BC.PR.C |
FixedFloater |
64,427 |
|
| MFC.PR.C |
PerpetualDiscount |
34,700 |
|
| FTN.PR.A |
SplitShare |
29,900 |
Anonymous bought 10,000 from Nesbitt at $10.50. Closed at $10.42-49 |
There were fourteen other index-included issues trading over 10,000 shares today.
This entry was posted on Thursday, September 28th, 2006 at 9:33 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.