| 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 | 4.14% | 4.05% | 47,109 | 10.57 | 2 | -0.0794% | 1,051.7 |
| Fixed-Floater | 4.93% | 3.95% | 85,569 | 17.17 | 6 | -0.0586% | 1,036.9 |
| Floater | 4.58% | -18.57% | 61,156 | 0.40 | 4 | -0.0393% | 1,055.1 |
| Op. Retract | 4.72% | 3.08% | 85,331 | 2.15 | 17 | +0.0494% | 1,034.5 |
| Split-Share | 4.99% | 3.61% | 179,325 | 3.21 | 12 | -0.1228% | 1,051.5 |
| Interest Bearing | 6.54% | 3.18% | 64,163 | 2.30 | 5 | -0.3411% | 1,042.4 |
| Perpetual-Premium | 5.02% | 3.64% | 200,132 | 5.13 | 53 | -0.0299% | 1,059.5 |
| Perpetual-Discount | 4.52% | 4.54% | 839,017 | 16.35 | 10 | +0.0204% | 1,067.1 |
| Major Price Changes | |||
| Issue | Index | Change | Notes |
| BSD.PR.A | InterestBearing | -1.8627% | TD did a little selling late in the day that appears to have taken the bid out. Probably just noise. Now with a pre-tax bid-YTW of 6.08% (INTEREST!) based on a bid of $10.01 and a hardMaturity 2015-3-31. |
| TD.PR.N | OpRet | +1.0636% | On volume of 100 shares. Now with a pre-tax bid-YTW of 2.38% based on a bid of $27.03 and a call 2009-5-30 at $26.00. If it makes it to its softMaturity 2014-01-30 at $25.00, it will have yielded 3.23%. If. |
| TD.PR.M | OpRet | +1.3073% | Now with a pre-tax bid-YTW of 2.31% based on a bid of $27.12 and a call 2009-5-30 at $26.00. It will have yielded 3.22% if it makes it to its softMaturity 2013-10-30 at $25.00. Again … I’m not holding my breath. |
| TD.PR.O | PerpetualPremium | +1.3351% | TD common stock went ex-Dividend today. Did everybody re-invest in prefs? Now with a pre-tax bid-YTW of 3.90% based on a bid of $26.50 and a call 2014-11-30 at $25.00 |
| See “Update”, below, re shaded elements of this table | |||
| Volume Highlights | |||
| Issue | Index | Volume | Notes |
| PWF.PR.F | PerpetualPremium | 40,400 | National Bank bought 37,100 from Nesbitt at $25.90. Now with a pre-tax bid-YTW of 4.52% based on a bid of $25.87 and a call 2010-12-30 at $25.00. |
| BMO.PR.G | OpRet | 37,523 | Now with a pre-tax bid-YTW of 4.12% based on a bid of $25.20 and a call 2007-9-24 at $25.00. |
| SLF.PR.D | PerpetualDiscount | 29,238 | RBC bought 10,000 from Scotia at $24.87. Now with a pre-tax bid-YTW of 4.49% based on a bid of $24.85 and a limitMaturity. |
| RY.PR.F | PerpetualDiscount | 24,243 | Recent new issue. Now with a pre-tax bid-YTW of 4.53% based on a bid of $24.70 and a limitMaturity. |
| BAM.PR.M | PerpetualPremium | 21,177 | Now with a pre-tax bid-YTW of 4.75% based on a bid of $25.05 and a call 2016-3-1 at $25.00. |
There were ten other “$25 p.v. equivalent” index-included issues with over 10,000 shares traded today.
Update : TD dividends were inaccurately recorded. The ex-date was 4/4 for this dividend, not 4/2; hence, performance is shown here including a dividend that did not, in fact, become receivable.
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