| 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.
[…] 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. […]