Well, Co-operators announced that the redemption procedure for CCS.PR.A isn’t quite exactly what was previously announced, and the BCE fixed-floaters had a monster day – presumably related to the Telus news, but who can tell?
| 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 | 5.70% | 5.81% | 30,988 | 14.35 | 2 | -0.3314% | 949.3 |
| Fixed-Floater | 5.42% | 5.59% | 139,892 | 14.70 | 7 | +2.7158% | 928.9 |
| Floater | 4.83% | 2.39% | 92,354 | 5.67 | 3 | -0.0536% | 1,048.5 |
| Op. Retract | 4.82% | 3.74% | 87,100 | 2.96 | 17 | -0.1309% | 1,022.2 |
| Split-Share | 5.03% | 4.61% | 164,573 | 3.99 | 15 | -0.0259% | 1,041.6 |
| Interest Bearing | 6.79% | 7.09% | 87,945 | 6.13 | 4 | +0.0870% | 1,025.2 |
| Perpetual-Premium | 5.42% | 5.20% | 150,800 | 8.35 | 34 | -0.0760% | 1,017.0 |
| Perpetual-Discount | 5.05% | 5.09% | 520,724 | 15.34 | 29 | +0.3783% | 967.2 |
| Major Price Changes | |||
| Issue | Index | Change | Notes |
| BAM.PR.J | OpRet | -1.2121% | New low of 26.11 today. Now with a pre-tax bid-YTW of 4.90% based on a bid of 26.08 and a softMaturity 2018-3-30 at 25.00. |
| POW.PR.D | PerpetualDiscount | +1.0000% | Now with a pre-tax bid-YTW of 5.15% based on a bid of 24.24 and a limitMaturity. |
| RY.PR.A | PerpetualDiscount | +1.2999% | Now with a pre-tax bid-YTW of 4.97% based on a bid of 22.60 and a limitMaturity. |
| BCE.PR.C | FixFloat | +1.7391% | Exchange/Reset date is 2008-3-1 (exchanges with series ‘AD’, not issued); until then, pays 5.54% of par. Closed at 23.40-54, 5×5. |
| BCE.PR.A | FixFloat | +2.2897% | Exchange/Reset date is 2007-9-1 (exchanges with series ‘AB’, not issued); until then, pays 5.45% of par. Closed at 23.23-39, 6×4. |
| BCE.PR.G | FixFloat | +4.1463% | Exchange/Reset date is 2011-5-1 (exchanges with BCE.PR.H); until then, pays 4.35% of par. The Gs closed at 21.35-22.99 (nice spread!), 2×3; the Hs closed at 22.82-50, 5×8. |
| BCE.PR.I | FixFloat | +5.1733% | Exchange/Reset date is 2011-8-1 (exchanges with series ‘AJ’, not issued); until then, pays 4.65% of par. Closed at 21.55-85, 18×1. |
| BCE.PR.R | FixFloat | +6.2038% | Exchange/Reset date is 2010-12-1 (exchanges with series ‘Q’, not issued); until then, pays 4.54% of par. Closed at 21.57-07, 9×1. |
| Volume Highlights | |||
| Issue | Index | Volume | Notes |
| RY.PR.C | PerpetualDiscount | 110,775 | Nesbitt crossed 100,000 at 23.00. Now with a pre-tax bid-YTW of 5.06% based on a bid of 22.96 and a limitMaturity. |
| BCE.PR.C | FixFloat | 53,475 | Exchange/Reset date is 2008-3-1 (exchanges with series ‘AD’, not issued); until then, pays 5.54% of par. Closed at 23.40-54, 5×5. |
| BMO.PR.J | PerpetualDiscount | 45,558 | Now with a pre-tax bid-YTW of 5.09% based on a bid of 22.30 and a limitMaturity. |
| MFC.PR.C | PerpetualDiscount | 37,150 | Now with a pre-tax bid-YTW of 4.93% based on a bid of 22.90 and a limitMaturity. |
| BCE.PR.R | FixFloat | 36,830 | Exchange/Reset date is 2010-12-1 (exchanges with series ‘Q’, not issued); until then, pays 4.54% of par. Closed at 21.57-07, 9×1. |
There were twenty-five other $25-equivalent index-included issues trading over 10,000 shares today.