I know many readers will be shocked to hear this … but the perpetual indices actually recorded positive performance today! Yup, the perpetualPremium index was up for the first time since May 25 and the perpetualDiscount index is up for the first day since May 8. Not only that, but the list of “big price movers” is actually of manageable length … which is a source of relief for me, whatever the readers might think!
| 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 |
5.56% |
5.64% |
30,269 |
14.61 |
2 |
+0.2222% |
954.5 |
| Fixed-Floater |
5.71% |
5.83% |
134,797 |
14.54 |
7 |
-0.0431% |
880.0 |
| Floater |
4.83% |
1.18% |
94,206 |
5.89 |
3 |
+0.1933% |
1,049.3 |
| Op. Retract |
4.82% |
3.91% |
86,605 |
3.42 |
17 |
-0.0212% |
1,020.3 |
| Split-Share |
5.06% |
4.75% |
174,497 |
4.18 |
15 |
+0.4364% |
1,035.4 |
| Interest Bearing |
6.84% |
6.84% |
90,779 |
6.13 |
4 |
-0.1072% |
1,034.3 |
| Perpetual-Premium |
5.46% |
5.26% |
147,526 |
9.70 |
34 |
+0.1554% |
1,008.9 |
| Perpetual-Discount |
5.16% |
5.21% |
538,291 |
15.15 |
29 |
+0.1766% |
945.0 |
| Major Price Changes |
| Issue |
Index |
Change |
Notes |
| BCE.PR.I |
FixFloat |
-2.4873% |
Exchange/Reset date is 2011-8-1 (exchanges with series ‘AJ’, not issued); until then, pays 4.65% of par. The bid just disappeared, as the closing quote was 19.21-94, 5×5. 52-week low is 19.25. |
| BCE.PR.R |
FixFloat |
+1.0331% |
Exchange/Reset date is 2010-12-1 (exchanges with series ‘Q’, not issued); until then, pays 4.54% of par. Closed at 19.56-09, 3×5. |
| LFE.PR.A |
SplitShare |
+1.1650% |
Now with a pre-tax bid-YTW of 4.43% based on a bid of 10.42 and a hardMaturity 2012-12-1 at 10.00. |
| SLF.PR.A |
PerpetualDiscount |
+1.2351% |
Now with a pre-tax bid-YTW of 5.18% based on a bid of 22.95 and a limitMaturity. |
| Volume Highlights |
| Issue |
Index |
Volume |
Notes |
| CM.PR.C |
PerpetualPremium |
105,450 |
Will be redeemed for $26.00 July 31. |
| RY.PR.D |
PerpetualDiscount |
90,350 |
RBC crossed 30,000 at 21.95, then another 10,000 at the same price. Now with a pre-tax bid-YTW of 5.16% based on a bid of 22.01 and a limitMaturity. |
| SLF.PR.B |
PerpetualDiscount |
73,496 |
Nesbitt crossed 60,000 at 23.05. Now with a pre-tax bid-YTW of 5.22% based on a bid of 23.03 and a limitMaturity. |
| RY.PR.B |
PerpetualDiscount |
72,216 |
Scotia crossed 49,500 at 22.95. Now with a pre-tax bid-YTW of 5.19% based on a bid of 22.82 and a limitMaturity. |
| BMO.PR.H |
PerpetualPremium |
56,620 |
Scotia crossed 50,000 at 25.18. Now with a pre-tax bid-YTW of 5.21% based on a bid of 25.15 and a limitMaturity. |
There were thirty-two other $25-equivalent index-included issues trading over 10,000 shares today.
This entry was posted on Wednesday, June 13th, 2007 at 11:36 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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