Sorry! No time to do the indices just now! I will update them tom… er, later today.
| Major Price Changes | |||
| Issue | Index | Change | Notes |
| There were no index-included issues with major price moves today. | |||
| Volume Highlights | |||
| Issue | Index | Volume | Notes |
| FBS.PR.A | SplitShare | 678,160 | Recent new issue. Now with a pre-tax bid-YTW of 1.82% based on a bid of $10.33 and a call 2008-1-14 at $10.00, so why bother? There would seem to be a lot of money being bet that it will make it to its hardMaturity 2011-12-15 at $10.00, which yields 4.12%. I’ll take the other side of that bet! |
| BNA.PR.C | SplitShare | 69,331 | Now with a pre-tax bid-YTW of 4.47% based on a bid of $24.77 and a hardMaturity 2019-01-10 at $25.00. Now, that’s more like it! |
| PWF.PR.L | PerpetualPremium | 52,500 | Now with a pre-tax bid-YTW of 4.20% based on a bid of $26.65 and a call 2015-11-30 at $25.00. |
| GWO.PR.G | PerpetualPremium | 51,495 | Now with a pre-tax bid-YTW of 4.09% based on a call 2010-01-30 at $26.00 … or 2011-1-30 at $25.75 … or 2012-1-30 at $25.50! Even if it lasts until the call 2014-1-30 at $25.00, the yield only increases to 4.11%! Pays $1.30, for those who are interested. |
| SLF.PR.B | PerpetualPremium | 47,555 | Now with a pre-tax bid-YTW of 4.34% based on a call 2014-10-30 at $25.00. |
There were twelve other “$25 p.v. equivalent” index-included issues with over 10,000 shares traded today.
Update:
| 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 | 4.07% | 4.09% | 23,999 | 17.28 | 1 | +0.1208% | 1,030.0 |
| Fixed-Floater | 4.77% | 3.35% | 77,555 | 12.53 | 7 | +0.2349% | 1,043.7 |
| Floater | 4.56% | -24.21% | 62,783 | 8.21 | 4 | +0.2170% | 1,043.0 |
| Op. Retract | 4.68% | 2.05% | 79,258 | 2.02 | 17 | +0.0597% | 1,031.4 |
| Split-Share | 5.05% | 0.51% | 408,981 | 2.85 | 11 | +0.0490% | 1,046.0 |
| Interest Bearing | 6.70% | 5.68% | 75,169 | 2.64 | 6 | +0.0930% | 1,035.2 |
| Perpetual-Premium | 5.02% | 3.65% | 241,089 | 5.44 | 55 | -0.0087% | 1,052.3 |
| Perpetual-Discount | 4.51% | 4.53% | 767,953 | 16.33 | 3 | +0.0539% | 1,055.4 |