| 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.