| 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 |
4.23% |
4.18% |
44,182 |
10.56 |
2 |
-0.2983% |
1,015.5 |
| Fixed-Floater |
4.99% |
4.02% |
205,195 |
10.13 |
7 |
0.0741% |
1,018.0 |
| Floater |
4.53% |
-17.21% |
77,308 |
6.53 |
5 |
0.0720% |
1,017.6 |
| Op. Retract |
4.68% |
2.11% |
89,612 |
2.42 |
17 |
-0.0327% |
1,016.8 |
| Split-Share |
4.92% |
3.26% |
62,615 |
3.03 |
10 |
-0.0004% |
1,017.9 |
| Interest Bearing |
6.88% |
4.63% |
55,354 |
2.03 |
7 |
0.0679% |
1,024.2 |
| Perpetual-Premium |
5.12% |
3.73% |
174,559 |
4.30 |
46 |
0.0575% |
1,030.8 |
| Perpetual-Discount |
4.59% |
4.61% |
622,381 |
16.19 |
7 |
-0.3472% |
1,033.0 |
| Major Price Changes |
| Issue |
Index |
Change |
Notes |
| There were no index-included issues with major price moves today (unless you count SLF.PR.D) |
| Volume Highlights |
| Issue |
Index |
Volume |
Notes |
| SLF.PR.A |
PerpetualPremium |
90,750 |
Scotia crossed 40,000 @ $25.41, then another 42,000 at the same price. This issue looks rather expensive at the closing bid of 25.55 … pre-tax YTW of 4.45% based on a call in 2014. This is just a penny less than the SLF.PR.B, which pays $0.0125 more p.a. with a similar call schedule … and is more liquid. |
| GWO.PR.X |
OpRet |
51,869 |
Scotia crossed 50,000 @ 27.40. Another issue considered rather expensive by HIMIPref™ given its closing bid of $27.40 – Pre-Tax YTW of 2.83% based on a 2009 call; the pre-tax-curve price is $26.54. |
| W.PR.J |
PerpetualPremium |
51,830 |
Scotia crossed 28,000 @ 25.30, then bought 18,000 from Nesbitt at the same price. Currently callable at $25.50, declining by $0.25 every July … an attractive issue, I’d say, paying $1.40 for a pre-tax YTW of 4.93% based on a 2008 call. |
| BSD.PR.A |
InterestBearing |
45,849 |
Pre-tax YTW of 5.94% INTEREST based on a 2015 maturity. |
| BNS.PR.K |
PerpetualPremium |
40,350 |
Nesbit bought 31,400 in three quick trades at 25.93; 28,400 from Scotia, 3,000 from RBC. |
There were fourteen other index-included issues trading over 10,000 shares today.
This entry was posted on Tuesday, October 10th, 2006 at 10:30 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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