Scotia Capital today announced the launch of two new indices for the Canadian fixed income marketplace: Scotia Capital Strip Bond Index and Scotia Capital 20+ Bond Index.

The new Scotia Capital Strip Bond Index is designed to represent the marketplace performance of government issued coupons and residuals. As of Dec. 30, 2005 the index contained 540 federal and provincial issues, with a total market value of $5 -billion, and a modified duration of 12.53 years. Scotia Capital Strip Bond Index is the first index to track performance of the $100 billion Strip Bond marketplace and, as such, provides a useful tool for both the retail strip bond investor as well as institutions utilizing these securities for liability matching.

Scotia Capital 20+ Bond Index is designed to provide a performance measurement for institutional investors and pension funds, seeking a long-duration benchmark. The index utilizes all issues with an effective term greater than 20 years, from both the new Scotia Capital Strip Bond Index as well as the Scotia Capital Universe Bond Index. As of Dec. 30, 2005 Scotia Capital 20+ Bond Index contained 335 issues, with a total market value of $22.49 billion, and a modified duration of 19.48 years.

To better address the utilization of these indices in analytics, performance and benchmarking services, Scotia Capital has built and released five years of daily history (since December 29, 2000) for both indices.