Absolutely nothing happened today, so there’s no commentary.
I was, however, able to devote some thought to the issue of naming rights to TTC stations. It’s a great idea! Just think of the money the TTC could make from station names like:
- Old Mill-waukee
- Dundas Westjet
- The Elephant and Castle Frank
- Victoria’s Secret Park
- Viagra Makes Your Coxwell
Why, they might even be able to afford a new bucket at Osgoode Station, to replace the old one they’re currently using to catch the drips from the ceiling when it rains.
Oh, and there’s more news on the Jim Kelsoe story.
But that’s it.
| 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 | 4.96% | 4.96% | 43,347 | 15.60 | 1 | 0.0000% | 1,092.0 |
| Fixed-Floater | 4.71% | 4.75% | 61,902 | 15.88 | 7 | +0.1128% | 1,058.6 |
| Floater | 4.25% | 4.29% | 62,001 | 16.81 | 2 | +2.0765% | 888.7 |
| Op. Retract | 4.83% | 3.21% | 86,236 | 2.75 | 15 | +0.0625% | 1,053.6 |
| Split-Share | 5.28% | 5.55% | 72,306 | 4.16 | 13 | -0.2449% | 1,050.5 |
| Interest Bearing | 6.13% | 6.04% | 55,305 | 3.83 | 3 | -0.2664% | 1,105.9 |
| Perpetual-Premium | 5.89% | 5.43% | 145,778 | 3.80 | 9 | +0.0223% | 1,021.1 |
| Perpetual-Discount | 5.69% | 5.73% | 312,887 | 14.29 | 63 | -0.0698% | 919.6 |
| Major Price Changes | |||
| Issue | Index | Change | Notes |
| CIU.PR.A | PerpetualDiscount | -2.1480% | Now with a pre-tax bid-YTW of 5.62% based on a bid of 20.50 and a limitMaturity. |
| LFE.PR.A | SplitShare | -1.7143% | Asset coverage of just under 2.5:1 as of April 30, according to the company. Now with a pre-tax bid-YTW of 4.51% based on a bid of 10.32 and a hardMaturity 2012-12-1 at 10.00. |
| FFN.PR.A | SplitShare | -1.6667% | Asset coverage of 2.0+:1 as of April 30 according to the company. Now with a pre-tax bid-YTW of 5.25% based on a bid of 10.03 and a hardMaturity 2014-12-1 at 10.00. |
| HSB.PR.D | PerpetualDiscount | -1.1717% | Now with a pre-tax bid-YTW of 5.78% based on a bid of 21.93 and a limitMaturity. |
| BMO.PR.H | PerpetualDiscount | +1.5287% | Now with a pre-tax bid-YTW of 5.49% based on a bid of 23.91 and a limitMaturity. |
| TCA.PR.Y | PerpetualDiscount | -1.1270% | Now with a pre-tax bid-YTW of 5.78% based on a bid of 48.25 and a limitMaturity. |
| BMO.PR.H | PerpetualDiscount | -1.0874% | Now with a pre-tax bid-YTW of 5.56% based on a bid of 23.65 and a limitMaturity. |
| CM.PR.E | PerpetualDiscount | -1.0105% | Now with a pre-tax bid-YTW of 6.00% based on a bid of 23.51 and a limitMaturity. |
| IAG.PR.A | PerpetualDiscount | +1.1788% | Now with a pre-tax bid-YTW of 5.66% based on a bid of 20.60 and a limitMaturity. |
| BAM.PR.B | Floater | +4.1429% | |
| Volume Highlights | |||
| Issue | Index | Volume | Notes |
| BNS.PR.K | PerpetualDiscount | 458,925 | Now with a pre-tax bid-YTW of 5.53% based on a bid of 21.86 and a limitMaturity. |
| SLF.PR.B | PerpetualDiscount | 89,500 | Now with a pre-tax bid-YTW of 5.60% based on a bid of 21.65 and a limitMaturity. |
| RY.PR.H | PerpetualDiscount | 69,640 | Now with a pre-tax bid-YTW of 5.74% based on a bid of 24.77 and a limitMaturity. |
| BMO.PR.J | PerpetualDiscount | 58,090 | Now with a pre-tax bid-YTW of 5.61% based on a bid of 20.12 and a limitMaturity. |
| BMO.PR.K | PerpetualDiscount | 32,800 | Now with a pre-tax bid-YTW of 5.78% based on a bid of 22.76 and a limitMaturity. |
There were twelve other index-included $25-pv-equivalent issues trading over 10,000 shares today
you forgot: High-Mas Park, and my personal favourite, Runnymade Quota!
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