| 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 | 4.15% | 4.06% | 47,795 | 10.64 | 2 | 0.0000% | 1,019.9 |
| Fixed-Floater | 4.97% | 3.88% | 180,376 | 8.70 | 7 | 0.0007% | 1,024.8 |
| Floater | 4.53% | -15.97% | 77,748 | 6.50 | 5 | 0.0081% | 1,018.5 |
| Op. Retract | 4.68% | 2.02% | 88,293 | 2.40 | 17 | 0.0466% | 1,018.2 |
| Split-Share | 4.93% | 3.68% | 159,407 | 3.29 | 11 | 0.0441% | 1,022.7 |
| Interest Bearing | 6.91% | 5.19% | 55,968 | 2.01 | 7 | -0.1142% | 1,019.9 |
| Perpetual-Premium | 5.09% | 3.55% | 220,936 | 4.31 | 47 | 0.1062% | 1,035.6 |
| Perpetual-Discount | 4.58% | 4.61% | 560,158 | 16.19 | 7 | 0.0235% | 1,035.1 |
| Major Price Changes | |||
| Issue | Index | Change | Notes |
| There were no index-included issues with major price changes today. | |||
| Volume Highlights | |||
| Issue | Index | Volume | Notes |
| LBS.PR.A | SplitShare | 295,275 | Recent new issue. Despite its leap to a hefty premium above par, this still looks attractive, with a YTW of 4.28% based on a bid of 10.59 and a maturity at $10.00 in November 2013. |
| PWF.PR.H | PerpetualPremium | 276,340 | RBC crossed 270,000 @ 26.45. At the closing bid of 26.43, this has a pre-tax YTW of 3.99%, paying $1.4375 until the YTW call 2008-1-9. If it lasts until 2012-1-9, it will have returned 4.50% … if it does, in fact, last that long! |
| W.PR.J | PerpetualPremium | 129,360 | Scotia crossed 50,000 @ 25.45, and followed up with another of 69,200 shares at the same price. This is an attractive issue … pre-tax YTW of 4.74% based on a call 2008-8-14 and a bid of $25.40. |
| WN.PR.A | PerpetualPremium | 95,720 | Scotia crossed 50,000 @ $26.20 and then did another tranche of 42,000 at the same price. Another attractive, Pfd-2(low) [DBRS] issue, with a YTW of 4.81% based on a call 2011-1-14. |
| GWO.PR.H | PerpetualPremium | 56,340 | Scotia (again!) crossed 50,000 @ 25.55. A nice issue, this, even if simply fairly priced – good credit, good daily volume, and a pre-tax YTW of 4.67% based on a call 2014-10-30. It pays $1.2125. Now, compare this issue with the PWF.PR.H mentioned above, and explain to me how the prices may be reconciled! |
There were nineteen other index-included issues trading over 10,000 shares today.