| 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 |
4.04% |
4.05% |
28,531 |
17.36 |
1 |
+0.0401% |
1,038.2 |
| Fixed-Floater |
4.81% |
3.51% |
103,723 |
8.23 |
7 |
+0.1475% |
1,042.6 |
| Floater |
4.43% |
-30.31% |
57,894 |
6.55 |
5 |
-0.0776% |
1,057.7 |
| Op. Retract |
4.72% |
2.32% |
74,475 |
2.10 |
18 |
+0.1024% |
1,027.9 |
| Split-Share |
5.17% |
0.86% |
272,353 |
2.52 |
13 |
-0.1860% |
1,040.8 |
| Interest Bearing |
6.70% |
4.30% |
71,118 |
3.88 |
6 |
+0.0265% |
1,035.0 |
| Perpetual-Premium |
5.03% |
4.05% |
236,263 |
5.04 |
51 |
+0.0356% |
1,052.2 |
| Perpetual-Discount |
4.55% |
4.58% |
1,113,363 |
16.24 |
10 |
+0.0202% |
1,052.8 |
| Major Price Changes |
| Issue |
Index |
Change |
Notes |
| LBS.PR.A |
SplitShare |
-1.2127% |
It’s always the way, eh? This is an issue I like. And on the first day of trading after an issue I don’t like gets called (DIV.PR.A), it’s the issue I like that craps out. Such is life in the preferred market. LBS.PR.A now has a pre-tax bid-YTW of 4.32% based on a bid of $10.59 and a hardMaturity 2013-11-29 at $10.00. |
| Volume Highlights |
| Issue |
Index |
Volume |
Notes |
| SLF.PR.C |
PerpetualDiscount |
59,130 |
Now with a pre-tax bid-YTW of 4.54% based on a bid of $24.75 and a limitMaturity. |
| CM.PR.H |
PerpetualPremium |
51,137 |
RBC crossed 27,000 at $26.00. Now with a pre-tax bid-YTW of 4.26% based on a bid of $25.90 and a call 2014-4-29 at $25.00. |
| SLF.PR.E |
PerpetualDiscount |
43,790 |
Recent new issue. Now with a pre-tax bid-YTW of 4.58% based on a bid of $24.66 and a limitMaturity. |
| POW.PR.D |
PerpetualPremium |
33,890 |
Now with a pre-tax bid-YTW of 4.28% based on a bid of $26.31 and a call 2014-11-30 at $25.00 |
| CM.PR.I |
PerpetualPremium |
26,470 |
Now with a pre-tax bid-YTW of 4.52% based on a bid of $25.40 and a call 2016-3-1 at $25.00. Both better yield and better interest rate protection than the new issue. |
There were eleven other “$25 p.v. equivalent” index-included issues with over 10,000 shares traded today.
This entry was posted on Monday, February 5th, 2007 at 10:49 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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