| 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 | 4.02% | 4.05% | 28,553 | 17.35 | 1 | -0.2000% | 1,033.8 |
| Fixed-Floater | 4.75% | 3.10% | 73,316 | 8.39 | 7 | -0.0713% | 1,045.8 |
| Floater | 4.55% | -21.75% | 60,753 | 4.17 | 4 | 0.2060% | 1,046.8 |
| Op. Retract | 4.68% | 2.22% | 79,864 | 2.00 | 17 | 0.0268% | 1,031.2 |
| Split-Share | 5.05% | -0.17% | 380,567 | 2.83 | 11 | +0.0457% | 1,045.8 |
| Interest Bearing | 6.71% | 5.96% | 73,335 | 4.49 | 6 | -0.0522% | 1,035.0 |
| Perpetual-Premium | 5.01% | 3.75% | 268,696 | 5.54 | 56 | +0.0511% | 1,052.5 |
| Perpetual-Discount | 4.50% | 4.52% | 1,460,388 | 16.36 | 5 | +0.0966% | 1,057.2 |
| Major Price Changes | |||
| Issue | Index | Change | Notes |
| There were no index-included issues with major price moves today. | |||
| Volume Highlights | |||
| Issue | Index | Volume | Notes |
| BNS.PR.L | PerpetualPremium | 387,831 | New issued settled today. Now with a pre-tax bid-YTW of 4.48% based on a bid of $25.07 and a call 2016-5-27 at $25.00. |
| BMO.PR.J | PerpetualDiscount | 85,975 | Recent new issue. Now with a pre-tax bid-YTW of 4.52% based on a bid of $24.97 and a limitMaturity. |
| GWO.PR.X | OpRet | 67,482 | Now with a pre-tax bid-YTW of 2.44% based on a bid of $27.60 and a call 2009-10-30 at $26.00. Buyers are obviously hoping for the softMaturity at $25.00, 2013-9-29, which yields 3.14% pre-tax (still no great shakes compared to normal bonds, bond-equivalent is only 4.40% at the Ontario Equivalency Factor of 1.4x), but why? Great-West has already demonstrated its willingness to pay market prices to retire this issue. |
| RY.PR.E | PerpetualDiscount | 66,162 | Recent new issue. Now with a pre-tax bid-YTW of 4.51% based on a bid of $25.00 and a limitMaturity. |
| RY.PR.W | PerpetualPremium | 59,085 | Global crossed 26,800 for cash at $26.66, then crossed the same number for regular settlement at $26.35. Mr. Calculator says that’s a difference of $0.31, and RBC says it went exDividend 1/23, for $0.30625. I’m glad all that’s cleared up! Now with a pre-tax bid-YTW of 4.12% based on a bid of $26.14 and a call 2014-3-26 at $25.00. I say it’s appallingly expensive, that’s what I say. |
There were eleven other “$25 p.v. equivalent” index-included issues with over 10,000 shares traded today.