| Index |
Current Yield (at bid) |
YTW |
Average Trading Value |
Mod Dur (YTW) |
Issues |
Day’s Perf. |
Index Value |
| Ratchet |
4.10% |
4.11% |
108,185 |
17.23 |
2 |
0.2405% |
998.4 |
| Fixed-Floater |
5.21% |
4.12% |
96,213 |
13.48 |
5 |
-0.0707% |
996.5 |
| Floater |
4.55% |
-14.26% |
61,650 |
6.44 |
5 |
-0.1351% |
1000.3 |
| Op. Retract |
4.75% |
3.58% |
81,962 |
3.18 |
18 |
-0.0766% |
992.1 |
| Split-Share |
5.17% |
2.74% |
53,109 |
2.78 |
14 |
0.0045% |
998.9 |
| Interest Bearing |
6.87% |
5.29% |
67,915 |
2.23 |
7 |
+0.0033% |
1,008.08 |
| Perpetual |
5.20% |
4.71% |
197,997 |
7.01 |
54 |
-0.0897% |
1,001.0 |
| Major Price Changes |
| Issue |
Index |
Change |
Notes |
| W.PR.J |
Perpetual |
-1.07% |
Gaps lower on higher than normal volume and trades at 52-week low |
| RY.PR.B |
Perpetual |
-2.80% |
New issue not well received at all! See new issue posting |
| Volume Highlights |
| Issue |
Index |
Volume |
Notes |
| RY.PR.B |
Perpetual |
41,040 |
Down a lot from new issue price! See new issue posting |
| BCE.PR.C |
FixedFloater |
29,650 |
RBC crossed 26,800 @ 25.40 (=bid). This issue becomes a ratchet rate in Mar/08 |
| MFC.PR.B |
Perpetual |
21,333 |
TD sold total 10,900 shortly prior to close, almost all at $24.36 (was 24.55-65 yesterday) |
| POW.PR.D |
Perpetual |
19,800 |
|
| SLF.PR.A |
Perpetual |
12,615 |
Traded in range 24.80-89 |
An active day! There were 12 issues trading in excess of 10,000, with the real driver, it appears, being the horrible reception of the RY.PR.B, which commenced trading at a disasterous discount to their issue price.
Let’s see … the bid is now $24.30 … the issue price was $25.00 … 12-million shares were issued … carry one and move the decimal … that a loss of $8.4-million! Some of this seems to be an over-reaction (see Crazy Pricing!, but never-the-less, $8.4-million is a lot of money to drop in my neighborhood. See what happens when you don’t subscribe to HIMIPref?
This entry was posted on Thursday, July 20th, 2006 at 10:17 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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