| 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 |
4.87% |
4.91% |
43,549 |
15.73 |
2 |
-0.8727% |
970.0 |
| Fixed-Floater |
5.48% |
4.80% |
132,810 |
15.95 |
6 |
-0.5383% |
943.5 |
| Floater |
4.78% |
-5.12% |
76,052 |
5.61 |
3 |
-0.0524% |
1,051.4 |
| Op. Retract |
4.74% |
3.29% |
84,232 |
2.34 |
17 |
0.0336% |
1,033.5 |
| Split-Share |
4.96% |
4.18% |
162,671 |
4.00 |
12 |
+0.2287% |
1,047.2 |
| Interest Bearing |
6.52% |
6.07% |
65,772 |
3.38 |
5 |
-0.0305% |
1,045.4 |
| Perpetual-Premium |
5.13% |
4.36% |
171,176 |
5.58 |
48 |
+0.0393% |
1,050.9 |
| Perpetual-Discount |
4.63% |
4.66% |
783,166 |
16.09 |
19 |
-0.1021% |
1,051.2 |
| Major Price Changes |
| Issue |
Index |
Change |
Notes |
| BCE.PR.G |
FixFloat |
-2.6966% |
Exchange/Reset Date is 2011-5-1 (Exchanges with BCE.PR.H); until then, pays 4.35% of par. Sailed right through a small bid on small volume. Closed at 21.65-44, 20×10. The Hs closed at 23.36-49, 30×19. |
| BCE.PR.S |
Ratchet |
-1.7672% |
Exchange/Reset date is 2011-11-1 (Exchanges with BCE.PR.T, which pays 4.502% until then). Tiny volume of 600 shares, which was never-the-less enough to take out the bid. Closed at 22.79-25, 1×3; Ts closed at 21.90-40, 1×7. |
| Volume Highlights |
| Issue |
Index |
Volume |
Notes |
| PWF.PR.K |
PerpetualPremium |
105,725 |
Now with a pre-tax bid-YTW of 4.49% based on a bid of 25.82 and a call 2014-11-30 at 25.00. |
| RY.PR.G |
PerpetualDiscount |
103,460 |
Scotia bought 15,800 from Anonymous at 24.50, then another 58,900 from RBC at the same price. Now with a pre-tax bid-YTW of 4.63% based on a bid of 24.46 and a limitMaturity. |
| BNS.PR.L |
PerpetualDiscount |
74,900 |
Scotia crossed 74,900 at 24.87. Now with a pre-tax bid-YTW of 4.56% based on a bid of 24.82 and a limitMaturity. |
| RY.PR.W |
PerpetualPremium |
62,070 |
Now with a pre-tax bid-YTW of 4.29% based on a bid of 25.90 and a call 2014-3-26 at 25.00. |
| CU.PR.B |
PerpetualPremium |
52,934 |
TD crossed 49,600 at 27.19. Now with a pre-tax bid-YTW of 2.87% based on a bid of 27.14 and a call 2008-7-1 at 26.00. Somebody’s betting it won’t be called that soon! But I still say they’re expensive. |
There were twenty-six other $25-equivalent index-included issues trading over 10,000 shares today.
This entry was posted on Monday, May 14th, 2007 at 11:27 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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