| Major Price Changes | |||
| Issue | Index | Change | Notes |
| MST.PR.A | InterestBearing | -1.3645% | Now with a pre-tax bid-YTW of 5.99% based on a bid of $10.12 and a hardMaturity 2009-09-30 at $10.00. |
| CM.PR.E | PerpetualPremium | -1.2668% | Now with a pre-tax bid-YTW of 4.15% based on a bid of $26.50 and a call 2008-11-30 at $26.00. |
| FFN.PR.A | SplitShare | -1.2322% | Now with a pre-tax bid-YTW of 3.72% based on a bid of $10.42 and a hardMaturity 2009-12-01 at $10.00 |
| BMO.PR.I | OpRet | -1.1937% | Still has a negative pre-tax bid-YTW! It now stands at -8.95% (annualized – the gross return is -0.73%) based on a bid of $25.66 and an immediate call at $26.00. |
| Volume Highlights | |||
| Issue | Index | Volume | Notes |
| BAM.PR.K | Floater | 41,600 | Scotia crossed 32,000 at 24.75 and was the seller for each of today’s six trades. |
| MFC.PR.A | OpRet | 38,410 | Now with a pre-tax bid-YTW of 2.99% based on a bid of $27.10 and a call 2011-7-19 at $26.00. Will have yielded 3.06% if it lasts until its softMaturity 2015-12-18, so it hardly seems worthwhile. Even the latter figure, at an equivalency factor of 1.40, is equivalent to only 4.28% interest – you can do better with bonds. |
| TD.PR.O | PerpetualPremium | 37,600 | Nesbitt processed an internal cross of 30,600 at $26.30. Now with a pre-tax bid-YTW of 4.16% based on a bid of $26.40 and a call 2014-11-30 at $25.00. Now that’s more like it! |
| BAM.PR.M | PerpetualPremium | 24,000 | RBC crossed 10,700 at 25.10. Now with a pre-tax bid-YTW of 4.75% based on a bid of $25.06 and a call 2016-3-1 at $25.00. |
| CM.PR.I | PerpetualPremium | 18,542 | Now with a pre-tax bid-YTW of 4.51% based on a bid of $25.32 and a call 2016-3-1 at $25.00 |
There were nine other index-included issues with over 10,000 shares traded today.
I know, I know … the indices still haven’t been updated. I’ll get to it, all right? Slavedrivers…
Update 2007-01-04 :
| 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 | 4.08% | 4.08% | 32,259 | 17.28 | 1 | +0.0400% | 1,036.7 |
| Fixed-Floater | 4.79% | 3.72% | 87,027 | 10.70 | 7 | -0.3509% | 1,036.2 |
| Floater | 4.59% | -18.67% | 67,520 | 8.28 | 4 | 0.0000% | 1,037.6 |
| Op. Retract | 4.66% | 1.42% | 82,398 | 2.05 | 17 | +0.0077% | 1,032.6 |
| Split-Share | 5.12% | 1.32% | 199,563 | 2.27 | 10 | +0.0757% | 1,042.3 |
| Interest Bearing | 6.73% | 5.77% | 72,434 | 2.39 | 6 | -0.1845% | 1,031.0 |
| Perpetual-Premium | 5.00% | 3.76% | 271,477 | 4.61 | 55 | -0.0667% | 1,053.9 |
| Perpetual-Discount | 4.46% | 4.50% | 800,671 | 16.42 | 3 | +0.2019% | 1,060.7 |