December 28, 2007

Well, the same things that caused me to drastically foreshorten yesterday’s report are causing me to chop today’s report to the bone!

With any luck, 2008 will be a bit more consistent in terms of post lengths.

The S&P/TSX Preferred Share Index gained again today and, barring a catastrophic end to the trading year, will be up on the month. PerpetualDiscounts performed superbly, but remain below the recent peak level of 930.2 reached on December 11.

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 5.19% 5.17% 76,492 15.19 2 +0.0000% 1,059.2
Fixed-Floater 4.90% 5.13% 87,719 15.33 8 -0.1429% 1,025.1
Floater 5.88% 5.90% 143,995 14.05 2 +0.0640% 821.3
Op. Retract 4.87% 3.12% 84,029 3.30 16 -0.3452% 1,038.9
Split-Share 5.33% 5.56% 109,594 4.31 15 +0.1328% 1,025.9
Interest Bearing 6.36% 6.51% 62,942 3.45 4 +0.1805% 1,059.8
Perpetual-Premium 5.83% 5.16% 81,131 4.24 11 +0.0743% 1,016.1
Perpetual-Discount 5.55% 5.56% 383,987 14.53 55 +1.0465% 920.5

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