| 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 |
4.06% |
3.88% |
84,073 |
3.86 |
1 |
-0.4739% |
1,050.7 |
| Fixed-Floater |
4.96% |
3.38% |
103,414 |
4.63 |
5 |
+0.2054% |
1,044.4 |
| Floater |
4.73% |
-18.62% |
76,561 |
5.58 |
3 |
-0.0391% |
1,052.1 |
| Op. Retract |
4.71% |
2.81% |
76,341 |
2.16 |
17 |
-0.0263% |
1,034.0 |
| Split-Share |
5.05% |
2.40% |
178,970 |
3.17 |
15 |
+0.1227% |
1,049.8 |
| Interest Bearing |
6.49% |
3.84% |
66,043 |
2.33 |
5 |
+0.0397% |
1,043.7 |
| Perpetual-Premium |
5.00% |
3.83% |
235,206 |
5.34 |
53 |
+0.0535% |
1,058.5 |
| Perpetual-Discount |
4.52% |
4.51% |
920,443 |
12.58 |
10 |
+0.0486% |
1,068.4 |
| Major Price Changes |
| Issue |
Index |
Change |
Notes |
| There were no index-included issues with notable price moves today. |
| Volume Highlights |
| Issue |
Index |
Volume |
Notes |
| DC.PR.A |
Scraps (Would be OpRet, but there are credit-rating concerns) |
245,200 |
Dundee crossed 137,300 for cash at 25.00 (Record Date is Monday 19, with a $0.3125 dividend payable … hmmm … given that $25.00 was the low price on the day, and the trade should be at a price greater than normal by the amount of the dividend if it is settling cum-dividend, the meaning of this trade is not clear to me. There’s a story there somewhere!) Desjardins crossed 100,000 at $25.10 (REGULAR settlement, EX-dividend). Now with a pre-tax bid-YTW of 4.97% based on a bid of $25.05 and a softMaturity 2016-6-29 at $25.00. |
| TOC.PR.B |
Scraps (Would be Floater, but there are volume concerns) |
162,850 |
Global crossed 80,900 for cash at $26.19, then another 80,900 at $25.93. Ex-Dividend 3/15, Record date 3/19. Dividend amount 0.264658. Yawn. |
| SLF.PR.E |
PerpetualDiscount |
106,750 |
Nesbitt crossed 100,000 at $24.95. Now with a pre-tax bid-YTW of 4.51% based on a bid of $24.94 and a limitMaturity. |
| IGM.PR.A |
OpRet |
103,023 |
Now with a pre-tax bid-YTW of 2.13% based on a bid of $27.98 and a call 2009-7-30 at $26.00. Yield will be 3.60% if it lasts until the softMaturity 2013-06-29, but that’s not something I’m going to bet on! |
| BCE.PR.H |
Ratchet |
100,200 |
Scotia crossed 50,000 at $25.20. Nesbitt did the same thing, three minutes later. |
| TD.PR.O |
PerpetualPremium |
50,655 |
Now with a pre-tax bid-YTW of 4.08% based on a bid of $26.45 and a call 2014-11-30 at $25.00. |
| RY.PR.F |
PerpetualDiscount |
33,919 |
Recent new issue. Now with a pre-tax bid-YTW of 4.50% based on a bid of $24.78 and a limitMaturity |
There were twelve other “$25 p.v. equivalent” index-included issues with over 10,000 shares traded today.
This entry was posted on Friday, March 16th, 2007 at 10:50 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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[…] Another day of heavy trading. Now with a pre-tax bid-YTW of 4.96% based on a bid of $25.09 and a softMaturity 2016-6-29 at $25.00. […]