| Note that these indices are experimental; the absolute and relative daily values are expected to change in the final version | |||||||
| Index | Mean Current Yield (at bid) | Mean YTW | Mean Average Trading Value | Mean Mod Dur (YTW) | Issues | Day’s Perf. | Index Value |
| Ratchet | 4.16% | 4.07% | 49,056 | 10.63 | 2 | -0.0596% | 1,019.9 |
| Fixed-Floater | 4.97% | 3.88% | 186,066 | 6.49 | 7 | -0.0333% | 1,024.8 |
| Floater | 4.53% | -15.89% | 78,474 | 6.51 | 5 | 0.0637% | 1,018.4 |
| Op. Retract | 4.68% | 2.20% | 88,687 | 2.40 | 17 | 0.0442% | 1,017.8 |
| Split-Share | 4.94% | 3.68% | 155,218 | 3.29 | 11 | 0.6266% | 1,022.2 |
| Interest Bearing | 6.90% | 5.13% | 56,361 | 2.01 | 7 | -0.0251% | 1,021.0 |
| Perpetual-Premium | 5.09% | 3.54% | 220,336 | 4.35 | 47 | 0.0344% | 1,034.5 |
| Perpetual-Discount | 4.58% | 4.61% | 568,307 | 16.19 | 7 | 0.1045% | 1,034.8 |
| Major Price Changes | |||
| Issue | Index | Change | Notes |
| PIC.PR.A | SplitShare | +1.1136% | Closed at 16.07-35 on volume of 9,711 shares … a few shares traded at the offering price. |
| Volume Highlights | ||||
| Issue | Index | Volume | Notes | |
| LBS.PR.A | SplitShare | 1,671,290 | Opening Day! | |
| PWF.PR.I | PerpetualPremium | 303,300 | Nesbitt crossed 200,000 @ 27.00, then 100,000 at the same price. The Pre-tax YTW is 3.19% at this price, based on a May, 2008 call. Since it pays $1.50, the chance of a call is relatively high … but maybe it will hang on until May, 2012, after delivering 4.36%. | |
| ELF.PR.G | PerpetualPremium | 135,325 | Opening Day! | |
| BAM.PR.G | FixedFloater | 107,650 | This thing continues to trade heavily – see yesterday’s comments. | |
| NA.PR.K | PerpetualPremium | 102,092 | Desjardins crossed 98,100 @ 27.10. At the closing bid of $27.17, these things have a pre-tax YTW of only 2.59% based on a call in June 2008. Somebody obviously thinks they’ll hang on until June 2012, having yielded 4.06% … but since it pays $1.4625, it’s not a bet I’d make, seeing as I don’t have to! | |
There were thirty-one other index-included issues trading over 10,000 shares today.