| 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 |
4.25% |
4.26% |
38,164 |
16.95 |
1 |
+0.5666% |
1,026.1 |
| Fixed-Floater |
4.81% |
3.85% |
100,186 |
6.64 |
7 |
-0.2015% |
1,028.1 |
| Floater |
4.46% |
-23.73% |
62,671 |
6.58 |
5 |
+0.0079% |
1,038.9 |
| Op. Retract |
4.63% |
-1.13% |
83,641 |
2.22 |
17 |
-0.0015% |
1,032.8 |
| Split-Share |
5.24% |
3.22% |
156,377 |
2.73 |
8 |
-0.4350% |
1,035.3 |
| Interest Bearing |
6.90% |
5.69% |
72,227 |
3.88 |
7 |
+0.2845% |
1,024.1 |
| Perpetual-Premium |
5.02% |
3.33% |
263,313 |
4.43 |
51 |
+0.0448% |
1,050.5 |
| Perpetual-Discount |
4.58% |
4.58% |
1,010,196 |
14.72 |
6 |
+0.0751% |
1,047.2 |
| Major Price Changes |
| Issue |
Index |
Change |
Notes |
| LBS.PR.A |
SplitShare |
-1.0176% |
Surprising, since I consider this issue rather attractive, now with a bid-YTW of 4.19% based on a bid of $10.70 and a hardMaturity 2013-11-29 at $10.00. |
| BSD.PR.A |
InterestBearing |
+2.0387% |
Still with an attractive pre-tax bid-YTW of 6.00%, based on a bid of $10.01 and a hard maturity at $10.00 2015-3-31. Still no word on the results of the annual retraction privilege, exercisable 2006-11-30. |
| Volume Highlights |
| Issue |
Index |
Volume |
Notes |
| CM.PR.I |
PerpetualPremium |
152,355 |
Recent new issue. |
| RY.PR.C |
PerpetualPremium |
58,905 |
Recent new issue. |
| SLF.PR.D |
PerpetualDiscount |
47,519 |
Recent blue-light special. |
| MFC.PR.C |
PerpetualPremium |
43,859 |
National Bank crossed 31,800 at $25.04. The issue now has a pre-tax bid-YTW of 4.50%, based on a bid of $25.00 and either a call at $25.00 2015-4-18 or a limitMaturity. Which isn’t too shabby, seeing that the MFC.PR.B, a similar issue, has a pre-tax YTW of 4.30% based on a bid of $25.53 and a call 2014-4-18 at $25.00. |
| HSB.PR.D |
PerpetualPremium |
31,895 |
National crossed 30,000 at $26.90. This issue has a pre-tax bid-YTW of 4.06%, base on either a call at $25.25 2014-1-30, or a call at $25.00 2015-1-30. |
This entry was posted on Friday, December 1st, 2006 at 10:31 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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[…] Recovering from yesterday – and then some! Pre-tax bid-YTW is 3.89% based on a bid of $10.89 and a hardMaturity at $10.00 2013-11-29 […]
[…] This has been volatile lately, probably due to speculation about the possible call. Now with a pre-tax bid-YTW of 6.62% (as interest!) based on a bid of 9.88 and a maturity 2015-3-31. […]