| 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 |
4.02% |
4.05% |
28,553 |
17.35 |
1 |
-0.2000% |
1,033.8 |
| Fixed-Floater |
4.75% |
3.10% |
73,316 |
8.39 |
7 |
-0.0713% |
1,045.8 |
| Floater |
4.55% |
-21.75% |
60,753 |
4.17 |
4 |
0.2060% |
1,046.8 |
| Op. Retract |
4.68% |
2.22% |
79,864 |
2.00 |
17 |
0.0268% |
1,031.2 |
| Split-Share |
5.05% |
-0.17% |
380,567 |
2.83 |
11 |
+0.0457% |
1,045.8 |
| Interest Bearing |
6.71% |
5.96% |
73,335 |
4.49 |
6 |
-0.0522% |
1,035.0 |
| Perpetual-Premium |
5.01% |
3.75% |
268,696 |
5.54 |
56 |
+0.0511% |
1,052.5 |
| Perpetual-Discount |
4.50% |
4.52% |
1,460,388 |
16.36 |
5 |
+0.0966% |
1,057.2 |
| Major Price Changes |
| Issue |
Index |
Change |
Notes |
| There were no index-included issues with major price moves today. |
| Volume Highlights |
| Issue |
Index |
Volume |
Notes |
| BNS.PR.L |
PerpetualPremium |
387,831 |
New issued settled today. Now with a pre-tax bid-YTW of 4.48% based on a bid of $25.07 and a call 2016-5-27 at $25.00. |
| BMO.PR.J |
PerpetualDiscount |
85,975 |
Recent new issue. Now with a pre-tax bid-YTW of 4.52% based on a bid of $24.97 and a limitMaturity. |
| GWO.PR.X |
OpRet |
67,482 |
Now with a pre-tax bid-YTW of 2.44% based on a bid of $27.60 and a call 2009-10-30 at $26.00. Buyers are obviously hoping for the softMaturity at $25.00, 2013-9-29, which yields 3.14% pre-tax (still no great shakes compared to normal bonds, bond-equivalent is only 4.40% at the Ontario Equivalency Factor of 1.4x), but why? Great-West has already demonstrated its willingness to pay market prices to retire this issue. |
| RY.PR.E |
PerpetualDiscount |
66,162 |
Recent new issue. Now with a pre-tax bid-YTW of 4.51% based on a bid of $25.00 and a limitMaturity. |
| RY.PR.W |
PerpetualPremium |
59,085 |
Global crossed 26,800 for cash at $26.66, then crossed the same number for regular settlement at $26.35. Mr. Calculator says that’s a difference of $0.31, and RBC says it went exDividend 1/23, for $0.30625. I’m glad all that’s cleared up! Now with a pre-tax bid-YTW of 4.12% based on a bid of $26.14 and a call 2014-3-26 at $25.00. I say it’s appallingly expensive, that’s what I say. |
There were eleven other “$25 p.v. equivalent” index-included issues with over 10,000 shares traded today.
This entry was posted on Wednesday, January 24th, 2007 at 11:30 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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