In what may well signal the final descent of this degenerate society into slovenly barbaric torpor, a Toronto dry-cleaning conglomerate filed for CCCA protection today. The Bank of Canada projected 3% inflation in 4Q07, possibly because track-suit-wearing sluggards are usually too spaced out to care what they pay for things.
Bonds had a bad day, enlivened by mass downgrades of sub-prime paper, much of it packaged by General Electric, which is planning to exit the business.
| 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 | 5.32% | 5.34% | 27,985 | 14.92 | 2 | -0.4149% | 1,015.0 |
| Fixed-Floater | 5.06% | 5.35% | 141,129 | 15.03 | 8 | +0.1023% | 999.8 |
| Floater | 4.86% | -0.04% | 79,938 | 4.16 | 4 | -0.0080% | 1,048.8 |
| Op. Retract | 4.82% | 3.97% | 85,714 | 2.98 | 16 | +0.1017% | 1,022.3 |
| Split-Share | 5.05% | 4.55% | 121,137 | 3.99 | 17 | +0.1023% | 1,047.0 |
| Interest Bearing | 6.21% | 6.28% | 67,179 | 4.43 | 3 | -0.1351% | 1,038.2 |
| Perpetual-Premium | 5.54% | 5.15% | 119,848 | 5.81 | 26 | +0.0351% | 1,022.0 |
| Perpetual-Discount | 5.12% | 5.15% | 368,263 | 14.85 | 38 | -0.1441% | 963.6 |
| Major Price Changes | |||
| Issue | Index | Change | Notes |
| PWF.PR.K | PerpetualDiscount | -1.4013% | Now with a pre-tax bid-YTW of 5.34% based on a bid of 23.22 and a limitMaturity. |
| SLF.PR.C | PerpetualDiscount | -1.3393% | Now with a pre-tax bid-YTW of 5.07% based on a bid of 22.10 and a limitMaturity. |
| BMO.PR.J | PerpetualDiscount | -1.0667% | Now with a pre-tax bid-YTW of 5.12% based on a bid of 22.26 and a limitMaturity. |
| BCE.PR.T | FixFloat | -1.0504% | |
| PWF.PR.F | PerpetualPremium (for now!) | +1.2270% | Now with a pre-tax bid-YTW of 5.30% based on a bid of 24.75 and a limitMaturity. |
| BAM.PR.G | FixFloat | +1.2657% | |
| CFS.PR.A | SplitShare | +1.4199% | Now with a pre-tax bid-YTW of 4.26% based on a bid of 10.00 and a hardMaturity 2012-1-31 at 10.00 |
| Volume Highlights | |||
| Issue | Index | Volume | Notes |
| SLF.PR.E | PerpetualDiscount | 57,220 | Scotia crossed 42,700 at 22.50. Now with a pre-tax bid-YTW of 5.07% based on a bid of 22.36 and a limitMaturity. |
| ACO.PR.A | OpRet | 50,270 | Nesbitt crossed 50,000 at 27.00. Now with a pre-tax bid-YTW of 3.54% based on a bid of 26.90 and a softMaturity 2011-11-30 at 25.00. |
| FTU.PR.A | SplitShare | 76,900 | Scotia crossed 76,000 at 10.30. Now with a pre-tax bid-YTW of 4.73% based on a bid of 10.27 and a hardMaturity 2012-12-01 at 10.00. |
| SLF.PR.D | PerpetualDiscount | 24,971 | Now with a pre-tax bid-YTW of 5.07% based on a bid of 22.10 and a limitMaturity. |
| PWF.PR.F | PerpetualPremium (for now!) | 23,030 | See “Major Price Moves”, above. |
There were fourteen other $25-equivalent index-included issues trading over 10,000 shares today.