An extremely busy day to finish the month!
| 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 |
4.86% |
4.84% |
112,447 |
15.75 |
2 |
+0.0614% |
1,049.6 |
| Fixed-Floater |
4.91% |
4.93% |
98,259 |
15.62 |
8 |
-0.1617% |
1,035.4 |
| Floater |
4.84% |
4.91% |
59,518 |
15.59 |
3 |
+0.0592% |
970.9 |
| Op. Retract |
4.88% |
2.47% |
80,591 |
3.81 |
16 |
-0.0406% |
1,031.8 |
| Split-Share |
5.34% |
6.23% |
92,352 |
4.09 |
15 |
+0.1093% |
1,018.5 |
| Interest Bearing |
6.24% |
6.52% |
69,058 |
3.75 |
4 |
-0.1081% |
1,065.7 |
| Perpetual-Premium |
5.86% |
5.34% |
91,238 |
8.05 |
11 |
-0.0066% |
1,008.1 |
| Perpetual-Discount |
5.61% |
5.65% |
348,050 |
14.20 |
55 |
+0.2244% |
904.3 |
| Major Price Changes |
| Issue |
Index |
Change |
Notes |
| BNA.PR.B |
SplitShare |
-4.3478% |
Asset coverage of 4.0:1 according to the company. Pre-tax bid-YTW now 6.90% based on a bid of 22.00 and a hardMaturity 2016-3-25 at 25.00. |
| BAM.PR.G |
FixFloat |
-1.5748% |
|
| LBS.PR.A |
SplitShare |
-1.1765% |
Asset coverage of 2.4+:1 as of November 29, according to Brompton. Now with a pre-tax bid-YTW of 5.26% based on a bid of 10.08 and a hardMaturity 2013-11-29 at 10.08. |
| ELF.PR.G |
PerpetualDiscount |
-1.1696% |
Now with a pre-tax bid-YTW of 7.16% based on a bid of 16.90 and a limitMaturity. |
| BNA.PR.C |
SplitShare |
-1.0932% |
Asset coverage of 4.0:1 according to the company. Now with a pre-tax bid-YTW of 7.62% based on a bid of 19.00 and a hardMaturity 2019-1-10 at 25.00. |
| WFS.PR.A |
SplitShare |
+1.1213% |
Asset coverage of 1.9+:1 as of November 22, according to Mulvihill. Now with a pre-tax bid-YTW of 5.82% based on a bid of 9.92 and a hardMaturity 2011-6-30 at 10.00. |
| FIG.PR.A |
InterestBearing |
+1.1518% |
Asset coverage of 2.1+:1 as of November 28, according to Faircourt. Now with a pre-tax bid-YTW of 7.11% (mostly as interest) based on a bid of 9.66 and a hardMaturity 2014-12-31 at 10.00. |
| POW.PR.D |
PerpetualDiscount |
+1.1526% |
Now with a pre-tax bid-YTW of 5.78% based on a bid of 21.94 and a limitMaturity. |
| BNS.PR.M |
PerpetualDiscount |
+1.2013% |
Now with a pre-tax bid-YTW of 5.41% based on a bid of 21.06 and a limitMaturity. |
| CIU.PR.A |
PerpetualDiscount |
+1.2195% |
Now with a pre-tax bid-YTW of 5.58% based on a bid of 20.75 and a limitMaturity. |
| NA.PR.L |
PerpetualDiscount |
+1.4829% |
Now with a pre-tax bid-YTW of 5.97% based on a bid of 20.53 and a limitMaturity. |
| IAG.PR.A |
PerpetualPremium |
+1.7632% |
Now with a pre-tax bid-YTW of 5.70% based on a bid of 20.20 and a limitMaturity. |
| NA.PR.K |
PerpetualDiscount |
+1.9311% |
Now with a pre-tax bid-YTW of 6.07% based on a bid of 24.28 and a limitMaturity. |
| HSB.PR.D |
PerpetualDiscount |
+2.1530% |
Now with a pre-tax bid-YTW of 5.70% based on a bid of 22.30 and a limitMaturity |
| BSD.PR.A |
InterestBearing |
+2.2774% |
Asset coverage of just under 1.7:1 as of November 23, 2007, according to Brookfield Funds. Now with a pre-tax bid-YTW of 6.21% based on a bid of 9.88 and a hardMaturity 2015-3-31. |
| FFN.PR.A |
SplitShare |
+2.5961% |
Asset coverage of 2.3:1 as of November 15, according to the company. Now with a pre-tax bid-YTW of 5.77% based on a bid of 22.50 and a limitMaturity. |
| FTU.PR.A |
SplitShare |
+2.6667% |
Asset coverage of 1.8+:1 as of November 15, according to . Now with a pre-tax bid-YTW of 7.12% based on a bid of 9.24 and a hardMaturity 2012-12-1 at 10.00. |
| Volume Highlights |
| Issue |
Index |
Volume |
Notes |
| IQW.PR.C |
Scraps (would be OpRet, but there are credit concerns) |
456,020 |
Now with a pre-tax bid-YTW of 209.05% (annualized!) based on a bid of 17.80 and a softMaturity 2008-2-29 at 25.00. But don’t count on it! |
| NTL.PR.F |
Scraps (would be Ratchet, but there are credit concerns) |
376,393 |
|
| PWF.PR.E |
PerpetualDiscount |
221,500 |
Scotia crossed 200,000 at 24.71. Now with a pre-tax bid-YTW of 5.57% based on a bid of 24.62 and a limitMaturity. |
| TD.PR.P |
PerpetualDiscount |
142,760 |
Now with a pre-tax bid-YTW of 5.43% based on a bid of 24.42 and a limitMaturity. |
| RY.PR.W |
PerpetualDiscount |
69,809 |
Now with a pre-tax bid-YTW of 5.46% based on a bid of 22.58 and a limitMaturity. |
| GWO.PR.H |
PerpetualDiscount |
54,830 |
Now with a pre-tax bid-YTW of 5.69% based on a bid of 21.35 and a limitMaturity. |
| RY.PR.D |
PerpetualDiscount |
54,830 |
Now with a pre-tax bid-YTW of 5.45% based on a bid of 20.80 and a limitMaturity. |
There were seventy-four other index-included $25.00-equivalent issues trading over 10,000 shares today.
This entry was posted on Friday, November 30th, 2007 at 11:34 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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