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.