| 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 |
4.13% |
4.05% |
45,792 |
10.66 |
2 |
0.0000% |
1,019.9 |
| Fixed-Floater |
4.97% |
3.92% |
172,087 |
8.72 |
7 |
0.0003% |
1,025.8 |
| Floater |
4.53% |
-15.72% |
76,426 |
6.50 |
5 |
0.0159% |
1,018.0 |
| Op. Retract |
4.67% |
1.89% |
86,957 |
2.39 |
17 |
0.0504% |
1,018.7 |
| Split-Share |
4.94% |
3.73% |
161,563 |
3.29 |
11 |
0.1058% |
1,022.4 |
| Interest Bearing |
6.89% |
5.02% |
56,288 |
2.00 |
7 |
-0.0132% |
1,022.2 |
| Perpetual-Premium |
5.09% |
3.91% |
213,242 |
4.23 |
47 |
0.0082% |
1,036.1 |
| Perpetual-Discount |
4.57% |
4.61% |
535,810 |
16.19 |
7 |
-0.0229% |
1,036.4 |
| 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 |
122,500 |
Recent new issue, tops the charts for the fourth straight day despite being a split share – even accounting for the lower price per share, dollar volume is still impressive. And this note is getting boring, although it’s easy to write. |
| SLF.PR.C |
PerpetualDiscount |
19,500 |
A narrow range, as befits a sleepy day … it closed at 24.50-55, 19×17, with a high-price of 24.55 and a low price of 24.50. |
| CM.PR.P |
PerpetualPremium |
15.700 |
Pays $1.375 and isn’t callable until 2012 – and there’s no declining call period on this one. YTW is 3.92%, based on the bid price of $27.13 and a call in November, 2012. A little expensive, I say … but there’s a lot of interest-rate-protection that comes with the high dividend, so pays yer money and takes yer chances! |
| RY.PR.A |
PerpetualDiscount |
14,150 |
Another issue trading in a narrow range, with the closing quote of $24.85-90 also representing the high and low. |
| GWO.PR.I |
PerpetualDiscount |
13,420 |
Shockingly, the closing quote of 24.66-74 was inside the day’s high & low (24.75 & 24.63). |
There were two other index-included issues trading over 10,000 shares today.
Doesn’t anybody ever take a view any more?
This entry was posted on Friday, October 20th, 2006 at 8:50 pm and is filed under Market Action. You can follow any responses to this entry through the RSS 2.0 feed.
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