| 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 |
4.14% |
4.05% |
47,109 |
10.57 |
2 |
-0.0794% |
1,051.7 |
| Fixed-Floater |
4.93% |
3.95% |
85,569 |
17.17 |
6 |
-0.0586% |
1,036.9 |
| Floater |
4.58% |
-18.57% |
61,156 |
0.40 |
4 |
-0.0393% |
1,055.1 |
| Op. Retract |
4.72% |
3.08% |
85,331 |
2.15 |
17 |
+0.0494% |
1,034.5 |
| Split-Share |
4.99% |
3.61% |
179,325 |
3.21 |
12 |
-0.1228% |
1,051.5 |
| Interest Bearing |
6.54% |
3.18% |
64,163 |
2.30 |
5 |
-0.3411% |
1,042.4 |
| Perpetual-Premium |
5.02% |
3.64% |
200,132 |
5.13 |
53 |
-0.0299% |
1,059.5 |
| Perpetual-Discount |
4.52% |
4.54% |
839,017 |
16.35 |
10 |
+0.0204% |
1,067.1 |
| Major Price Changes |
| Issue |
Index |
Change |
Notes |
| BSD.PR.A |
InterestBearing |
-1.8627% |
TD did a little selling late in the day that appears to have taken the bid out. Probably just noise. Now with a pre-tax bid-YTW of 6.08% (INTEREST!) based on a bid of $10.01 and a hardMaturity 2015-3-31. |
| TD.PR.N |
OpRet |
+1.0636% |
On volume of 100 shares. Now with a pre-tax bid-YTW of 2.38% based on a bid of $27.03 and a call 2009-5-30 at $26.00. If it makes it to its softMaturity 2014-01-30 at $25.00, it will have yielded 3.23%. If. |
| TD.PR.M |
OpRet |
+1.3073% |
Now with a pre-tax bid-YTW of 2.31% based on a bid of $27.12 and a call 2009-5-30 at $26.00. It will have yielded 3.22% if it makes it to its softMaturity 2013-10-30 at $25.00. Again … I’m not holding my breath. |
| TD.PR.O |
PerpetualPremium |
+1.3351% |
TD common stock went ex-Dividend today. Did everybody re-invest in prefs? Now with a pre-tax bid-YTW of 3.90% based on a bid of $26.50 and a call 2014-11-30 at $25.00 |
| See “Update”, below, re shaded elements of this table |
| Volume Highlights |
| Issue |
Index |
Volume |
Notes |
| PWF.PR.F |
PerpetualPremium |
40,400 |
National Bank bought 37,100 from Nesbitt at $25.90. Now with a pre-tax bid-YTW of 4.52% based on a bid of $25.87 and a call 2010-12-30 at $25.00. |
| BMO.PR.G |
OpRet |
37,523 |
Now with a pre-tax bid-YTW of 4.12% based on a bid of $25.20 and a call 2007-9-24 at $25.00. |
| SLF.PR.D |
PerpetualDiscount |
29,238 |
RBC bought 10,000 from Scotia at $24.87. Now with a pre-tax bid-YTW of 4.49% based on a bid of $24.85 and a limitMaturity. |
| RY.PR.F |
PerpetualDiscount |
24,243 |
Recent new issue. Now with a pre-tax bid-YTW of 4.53% based on a bid of $24.70 and a limitMaturity. |
| BAM.PR.M |
PerpetualPremium |
21,177 |
Now with a pre-tax bid-YTW of 4.75% based on a bid of $25.05 and a call 2016-3-1 at $25.00. |
There were ten other “$25 p.v. equivalent” index-included issues with over 10,000 shares traded today.
Update : TD dividends were inaccurately recorded. The ex-date was 4/4 for this dividend, not 4/2; hence, performance is shown here including a dividend that did not, in fact, become receivable.
This entry was posted on Monday, April 2nd, 2007 at 10:32 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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