| 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?