| 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 | 4.29% | 4.29% | 39,724 | 16.79 | 2 | -0.6360% | 1,010.9 |
| Fixed-Floater | 5.47% | 4.51% | 110,622 | 16.45 | 6 | -0.5810% | 935.9 |
| Floater | 4.56% | -17.95% | 56,394 | 0.13 | 4 | -0.0584% | 1,061.1 |
| Op. Retract | 4.73% | 3.20% | 84,266 | 2.19 | 17 | +0.0757% | 1,034.2 |
| Split-Share | 5.03% | 4.23% | 186,199 | 4.02 | 12 | -0.0459% | 1,046.3 |
| Interest Bearing | 6.51% | 5.28% | 62,138 | 2.26 | 5 | -0.0300% | 1,047.0 |
| Perpetual-Premium | 5.06% | 4.30% | 224,281 | 5.88 | 54 | -0.0939% | 1,055.2 |
| Perpetual-Discount | 4.55% | 4.84% | 791,811 | 16.25 | 11 | -0.0473% | 1,060.7 |
| Major Price Changes | |||
| Issue | Index | Change | Notes |
| BCE.PR.G | FixedFloater | -2.6655% | Exchange/Reset date is 2011-05-01 (exchange to BCE.PR.H); until then, they pay 4.35% of par. They closed at 21.91-44, 3×4. The BCE.PR.H closed at 24.00-40, 1×3. |
| FTN.PR.A | SplitShare | -1.4286% | The hoped-for term extension was denied. Now with a pre-tax bid-YTW of 3.15% based on a bid of 10.35 and a hardMaturity 2008-12-01 at 10.00 |
| CU.PR.B | PerpetualPremium | -1.1426% | Perhaps due to competition from the new issue. Now with a pre-tax bid-YTW of 3.78%, based on a bid of 26.82 and a call 2008-07-01 at $26.00. If they last until their call 2012-7-1 at $25.00, they will have yielded 4.63% – about the same as the 4.60% new issue, but with risk of lower yields if it’s called earlier. |
| BCE.PR.H | RatchetRate | -1.0309% | Exchange/Reset date is 2011-05-01 (exchange with BCE.PR.G). |
| IAG.PR.A | PerpetualPremium | -1.0000% | Now with a pre-tax bid-YTW of 4.68% based on a bid of 24.75 and a limitMaturity. |
| Volume Highlights | |||
| Issue | Index | Volume | Notes |
| BNS.PR.L | PerpetualDiscount | 123,300 | National crossed 100,000 at 24.91; Scotia crossed 16,000 at the same price. Now with a pre-tax bid-YTW of 4.53% based on a bid of 24.90 and a limitMaturity. |
| PWF.PR.I | PerpetualPremium | 102,650 | TD crossed 40,000 at 26.16, then 51,000 at 26.25. Now with a pre-tax bid-YTW of 4.92% based on a call 2009-5-30 at 25.75 (or 2010-5-30 at 25.50). Great-West will release the 1st quarter results on May 3; there may be some clues at that time as to how the group intends to finance the Putnam Purchase. |
| POW.PR.D | PerpetualPremium | 69,690 | TD crossed 50,700 at 26.32. Now with a pre-tax bid-YTW of 4.43% based on a bid of 25.98 and a call 2014-11-30 at 25.00. |
| PWF.PR.K | PerpetualPremium | 67,862 | Now with a pre-tax bid-YTW of 4.44% based on a bid of 25.83 and a call 2014-11-30 at 25.00. |
| PWF.PR.L | PerpetualPremium | 55,500 | Nesbitt crossed 40,000 at 26.15, Scotia crossed 11,500 at 26.12. Now with a pre-tax bid-YTW of 4.49% based on a bid of 26.11 and a call 2015-11-30 at 25.00. |
There were thirty-six other $25-equivalent index-included issues trading over 10,000 shares today.