Today’s BCE news is that they’re talking to Telus (rated A(low) by DBRS, BBB+ by S&P). We shall see.
| 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 | 5.57% | 5.77% | 29,846 | 14.41 | 2 | -0.3525% | 952.4 |
| Fixed-Floater | 5.56% | 5.74% | 135,683 | 14.53 | 7 | +0.5257% | 904.3 |
| Floater | 4.83% | 2.06% | 92,812 | 5.67 | 3 | +0.2984% | 1,049.0 |
| Op. Retract | 4.81% | 3.72% | 87,440 | 2.83 | 17 | +0.1635% | 1,023.6 |
| Split-Share | 5.03% | 4.59% | 167,459 | 4.00 | 15 | -0.1252% | 1,041.9 |
| Interest Bearing | 6.79% | 7.11% | 89,313 | 6.13 | 4 | +0.0974% | 1,024.3 |
| Perpetual-Premium | 5.42% | 5.19% | 150,643 | 7.58 | 34 | +0.0451% | 1,017.7 |
| Perpetual-Discount | 5.06% | 5.11% | 527,523 | 15.31 | 29 | +0.0964% | 963.6 |
| Major Price Changes | |||
| Issue | Index | Change | Notes |
| CL.PR.B | PerpetualPremium | -1.1154% | Now with a pre-tax bid-YTW of 5.37% based on a bid of 25.71 and a call 2011-1-30 at 25.00. Still not called, despite their recent financing. Astonishing; I can only suppose they’re waiting to complete the rest of their capital markets programme. |
| BCE.PR.A | FixFloat | -1.0889% | |
| PWF.PR.K | PerpetualDiscount | -1.0200% | Now with a pre-tax bid-YTW of 5.17% based on a bid of 24.26 and a limitMaturity. |
| BCE.PR.Z | FixFloat | +1.0545% | |
| PWF.PR.D | OpRet | +1.1043% | Now with a pre-tax bid-YTW of 1.80% based on a bid of 26.55 and a call 2007-11-30 at $26.00. |
| BCE.PR.I | FixFloat | +1.1852% | |
| BCE.PR.R | FixFloat | +1.4486% | |
| BCE.PR.G | FixFloat | +1.6865% | |
| Volume Highlights | |||
| Issue | Index | Volume | Notes |
| CCS.PR.C | Scraps (Would be PerpetualDiscount, but there are credit concerns). | 401,000 | THUMP! Somebody bit the bullet on this ill-fated underwriting, down 4.0870% on the day as Scotia crossed 400,000 at 22.00. Now with a pre-tax bid-YTW of 5.71% based on a bid of 22.06 and a limitMaturity. |
| RY.PR.E | PerpetualDiscount | 125,850 | Now with a pre-tax bid-YTW of 5.05% based on a bid of 22.50 and a limitMaturity. |
| POW.PR.B | PerpetualPremium (for now!) | 56,418 | Now with a pre-tax bid-YTW of 5.40% based on a bid of 24.74 and a limitMaturity. |
| GWO.PR.H | PerpetualDiscount | 32,898 | Now with a pre-tax bid-YTW of 5.13% based on a bid of 23.71 and a limitMaturity. |
| BMO.PR.J | PerpetualDiscount | 27,650 | Now with a pre-tax bid-YTW of 5.09% based on a bid of 22.31 and a limitMaturity. |
| SLF.PR.B | PerpetualDiscount | 25,720 | Now with a pre-tax bid-YTW of 5.03% based on a bid of 23.89 and a limitMaturity. |
There were nineteen other $25-equivalent index-included issues trading over 10,000 shares today.
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