Hell. I have just realized that instead of copying February 14 as a template, I have instead over-written it. All that deathless prose, gone! Sorry.
| 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% |
4.08% |
28,150 |
17.28 |
1 |
0.0000% |
1,044.0 |
| Fixed-Floater |
4.81% |
3.47% |
89,478 |
8.17 |
7 |
+0.0339% |
1,042.8 |
| Floater |
4.46% |
-24.20% |
55,828 |
3.32 |
5 |
+0.0315% |
1,051.3 |
| Op. Retract |
4.71% |
2.28% |
77,183 |
2.08 |
18 |
-0.0268% |
1,031.0 |
| Split-Share |
5.09% |
1.70% |
273,487 |
2.64 |
14 |
-0.0213% |
1,044.7 |
| Interest Bearing |
6.48% |
3.47% |
58,743 |
2.36 |
5 |
+0.2675% |
1,037.4 |
| Perpetual-Premium |
5.06% |
3.76% |
227,505 |
5.06 |
51 |
+0.0312% |
1,053.0 |
| Perpetual-Discount |
4.52% |
4.56% |
1,178,412 |
16.27 |
11 |
+0.0693% |
1,058.8 |
| Major Price Changes |
| Issue |
Index |
Change |
Notes |
| There were no index-included issues with significant price moves today. |
| Volume Highlights |
| Issue |
Index |
Volume |
Notes |
| GWO.PR.I |
PerpetualDiscount |
84,315 |
Nesbitt crossed 75,000 at $25.00. Now with a pre-tax bid-YTW of 4.55% based on a bid of $25.01 and a limitMaturity. |
| WFS.PR.A |
SplitShare |
163,312 |
Scotia crossed 100,000 @ 10.70, then Desjardins bought 25,000 from RBC in two tranches at the same price. Desjardins then crossed 25,000 at $10.70. Nice to see some action in this issue … it’s a perennial favourite of mine. Now with a pre-tax bid-YTW of 3.70% based on a bid of $10.70 and a hardMaturity 2011-6-30 at $10.00. That’s an interest-equivalent of nearly 5.2% at the Ontario Equivalency … not bad for a Pfd-2 (DBRS) with a known maturity of less than five years! |
| GWO.PR.X |
OpRet |
51,974 |
I’m not such a big fan of this one … pre-tax bid-YTW of 2.57% based on a bid of $27.55 and a call 2009-10-30 at $26.00. Given the issuer bid, it doesn’t seem likely to me that it will survive to its softMaturity 2013-9-29 to yield 3.20% (especially considering that one can buy GWL bonds maturiting in 2018 to yield about 4.75% – do the math, people!) … but it takes two to make a market! |
| CM.PR.J |
PerpetualDiscount |
50,480 |
Recent new issue. Now with a pre-tax bid-YTW of 4.53% based on a bid of $24.90 and a limitMaturity. |
| WN.PR.E |
PerpetualPremium (but not for long, I suspect!) |
43,178 |
Credit Watch Negative! Nesbitt crossed 11,500 at $24.65, CIBC bought 14,500 from Nesbitt at the same price. Now with a pre-tax bid-YTW of 4.88% based on a bid of $24.61 and a limitMaturity. Weston bonds maturing in 2031 are now trading to yield about maybe 5.85% (interest) Make of that what you will. |
There were nineteen other “$25 p.v. equivalent” index-included issues with over 10,000 shares traded today.
This entry was posted on Thursday, February 15th, 2007 at 9:10 pm and is filed under Market Action. You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.