BCE issues were hammered again, presumably in a delayed reaction to the Telus affront. The FixedFloater index (comprised entirely of BCE issues) is above its early-June lows, but has now given up the monster gains that accompanied the initial approach.
CPD, the subject of a recent article, went ex-dividend on 6/26 for just a hair under $0.20 per share, so don’t faint when you look at the NAVs!
| 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 | 5.78% | 5.78% | 27,375 | 14.42 | 2 | -0.0028% | 958.9 |
| Fixed-Floater | 5.62% | 5.91% | 138,660 | 14.41 | 7 | -1.7921% | 899.0 |
| Floater | 4.84% | 1.19% | 87,293 | 11.21 | 3 | -0.1335% | 1,047.3 |
| Op. Retract | 4.84% | 4.06% | 86,360 | 3.33 | 17 | -0.0451% | 1,019.7 |
| Split-Share | 5.04% | 4.60% | 153,957 | 3.88 | 15 | +0.0773% | 1,043.6 |
| Interest Bearing | 6.77% | 6.93% | 85,715 | 6.14 | 4 | +0.2953% | 1,032.3 |
| Perpetual-Premium | 5.43% | 5.16% | 150,453 | 7.94 | 34 | +0.1308% | 1,020.0 |
| Perpetual-Discount | 5.06% | 5.10% | 497,685 | 15.32 | 29 | +0.1485% | 965.3 |
| Major Price Changes | |||
| Issue | Index | Change | Notes |
| BCE.PR.A | FixFloat | -4.1612% | |
| BCE.PR.I | FixFloat | -3.0884% | |
| BCE.PR.G | FixFloat | -2.4673% | |
| BCE.PR.R | FixFloat | -2.4390% | |
| PWF.PR.D | OpRet | -1.6573% | Now with a pre-tax bid-YTW of 4.46% based on a bid of 26.11 and a softMaturity 2012-10-30 at 25.00. |
| POW.PR.D | PerpetualDiscount | +1.0879% | Now with a pre-tax bid-YTW of 5.18% based on a bid of 24.16 and a limitMaturity. |
| POW.PR.C | PerpetualPremium | +1.2326% | Now with a pre-tax bid-YTW of 5.30% based on a bid of 25.46 and a call 2012-1-5 at 25.00. |
| ELF.PR.G | PerpetualDiscount | +1.2745% | Now with a pre-tax bid-YTW of 5.44% based on a bid of 22.25 and a limitMaturity. |
| Volume Highlights | |||
| Issue | Index | Volume | Notes |
| CM.PR.I | PerpetualDiscount | 54,458 | Now with a pre-tax bid-YTW of 5.06% based on a bid of 23.20 and a limitMaturity. |
| RY.PR.B | PerpetualDiscount | 34,186 | Now with a pre-tax bid-YTW of 4.99% based on a bid of 23.77 and a limitMaturity. |
| BNS.PR.M | PerpetualDiscount | 32,035 | Now with a pre-tax bid-YTW of 5.06% based on a bid of 22.66 and a limitMaturity. |
| RY.PR.F | PerpetualDiscount | 30,345 | Now with a pre-tax bid-YTW of 5.11% based on a bid of 22.30 and a limitMaturity. |
| GWO.PR.I | PerpetualDiscount | 21,083 | Now with a pre-tax bid-YTW of 5.09% based on a bid of 22.20 and a limitMaturity. |
There were twenty-six other $25-equivalent index-included issues trading over 10,000 shares today.