Well, the same things that caused me to drastically foreshorten yesterday’s report are causing me to chop today’s report to the bone!
With any luck, 2008 will be a bit more consistent in terms of post lengths.
The S&P/TSX Preferred Share Index gained again today and, barring a catastrophic end to the trading year, will be up on the month. PerpetualDiscounts performed superbly, but remain below the recent peak level of 930.2 reached on December 11.
| 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 | 5.19% | 5.17% | 76,492 | 15.19 | 2 | +0.0000% | 1,059.2 |
| Fixed-Floater | 4.90% | 5.13% | 87,719 | 15.33 | 8 | -0.1429% | 1,025.1 |
| Floater | 5.88% | 5.90% | 143,995 | 14.05 | 2 | +0.0640% | 821.3 |
| Op. Retract | 4.87% | 3.12% | 84,029 | 3.30 | 16 | -0.3452% | 1,038.9 |
| Split-Share | 5.33% | 5.56% | 109,594 | 4.31 | 15 | +0.1328% | 1,025.9 |
| Interest Bearing | 6.36% | 6.51% | 62,942 | 3.45 | 4 | +0.1805% | 1,059.8 |
| Perpetual-Premium | 5.83% | 5.16% | 81,131 | 4.24 | 11 | +0.0743% | 1,016.1 |
| Perpetual-Discount | 5.55% | 5.56% | 383,987 | 14.53 | 55 | +1.0465% | 920.5 |