A relatively quiet day. Canadian bonds were down a bit, US bonds up a bit (I’m speaking in terms of prices!). There might be some excitement tomorrow with the CPI Number.
| 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 |
5.61% |
5.71% |
30,321 |
14.35 |
2 |
-0.3058% |
955.8 |
| Fixed-Floater |
5.60% |
5.78% |
135,619 |
14.58 |
7 |
-0.4424% |
897.8 |
| Floater |
4.83% |
2.78% |
92,011 |
5.88 |
3 |
-0.3068% |
1,048.0 |
| Op. Retract |
4.82% |
3.92% |
85,402 |
3.32 |
17 |
-0.1928% |
1,020.8 |
| Split-Share |
5.04% |
4.67% |
169,579 |
4.00 |
15 |
-0.0355% |
1,039.7 |
| Interest Bearing |
6.76% |
7.05% |
89,491 |
6.11 |
4 |
-0.5285% |
1,025.9 |
| Perpetual-Premium |
5.42% |
5.22% |
150,409 |
8.58 |
34 |
-0.0015% |
1,015.4 |
| Perpetual-Discount |
5.08% |
5.13% |
534,062 |
15.28 |
29 |
+0.0892% |
960.1 |
| Major Price Changes |
| Issue |
Index |
Change |
Notes |
| BCE.PR.A |
FixFloat |
-1.7865% |
|
| BCE.PR.I |
FixFloat |
-1.4699% |
|
| BSD.PR.A |
InterestBearing |
-1.1423% |
Now with a pre-tax bid-YTW of 6.87% (as interest) based on a bid of 9.52 and a hardMaturity 2015-3-31 at 10.00. How many people have worse credits than this in the RRSP yielding less? Stick your hands up! |
| FIG.PR.A |
InterestBearing |
-1.0204% |
Now with a pre-tax bid-YTW of 7.05% (as interest) based on a bid of 9.70 and a hardMaturity 2014-12-31 at 10.00. See above question! |
| ALB.PR.A |
SplitShare |
+1.0077% |
Now with a pre-tax bid-YTW of 4.26% based on a bid of 25.06 and a call 2008-3-29 at 25.00. |
| BAM.PR.M |
PerpetualDiscount |
+1.0565% |
Now with a pre-tax bid-YTW of 5.42% based on a bid of 22.00 and a limitMaturity. |
| CM.PR.H |
PerpetualDiscount |
+1.2335% |
Now with a pre-tax bid-YTW of 5.11% based on a bid of 23.80 and a limitMaturity. |
| BAM.PR.N |
PerpetualDiscount |
+1.5525% |
Now with a pre-tax bid-YTW of 5.36% based on a bid of 22.24 and a limitMaturity. |
| NA.PR.L |
PerpetualPremium (for now!) |
+1.6835% |
Now with a pre-tax bid-YTW of 5.07% based on a bid of 24.16 and a limitMaturity. |
| Volume Highlights |
| Issue |
Index |
Volume |
Notes |
| GWO.PR.I |
PerpetualDiscount |
116,678 |
RBC crossed 50,000 at 22.25, then Nesbitt crossed 45,100 at the same price. Now with a pre-tax bid-YTW of 5.09% based on a bid of 22.17 and a limitMaturity. |
| HSB.PR.D |
PerpetualPremium |
93,150 |
National Bank bought a few shares in the afternoon, including a cross of 41,100 at 25.20. Now with a pre-tax bid-YTW of 4.88% based on a bid of 25.20 and a call 2015-1-30 at 25.00. |
| BNS.PR.L |
PerpetualDiscount |
57,190 |
National Bank crossed 42,200 at 22.75. Now with a pre-tax bid-YTW of 5.01% based on a bid of 22.77 and a limitMaturity. |
| NA.PR.L |
PerpetualDiscount |
34,000 |
National Bank crossed 25,200 at 24.25 and was on the buy side for numerous trades in the afternoon. Now with a pre-tax bid-YTW of 5.07% based on a bid of 24.16 and a limitMaturity. |
| SLF.PR.D |
PerpetualDiscount |
31,820 |
Now with a pre-tax bid-YTW of 5.10% based on a bid of 21.90 and a limitMaturity. |
There were twenty-five other $25-equivalent index-included issues trading over 10,000 shares today.
This entry was posted on Monday, June 18th, 2007 at 11:40 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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