It’s nice to see University of Toronto as a major partner in a new advance in energy storage:
Now, a group of researchers led by Professor Ted Sargent at the University of Toronto’s Faculty of Applied Science & Engineering may have a solution inspired by nature.
The team has designed the most efficient catalyst for storing energy in chemical form, by splitting water into hydrogen and oxygen, just like plants do during photosynthesis. Oxygen is released harmlessly into the atmosphere, and hydrogen, as H2, can be converted back into energy using hydrogen fuel cells.
…
You may have seen the popular high-school science demonstration where the teacher splits water into its component elements, hydrogen and oxygen, by running electricity through it. Today this requires so much electrical input that it’s impractical to store energy this way — too great proportion of the energy generated is lost in the process of storing it.This new catalyst facilitates the oxygen-evolution portion of the chemical reaction, making the conversion from H2O into O2 and H2 more energy-efficient than ever before. The intrinsic efficiency of the new catalyst material is over three times more efficient than the best state-of-the-art catalyst.
The new catalyst is made of abundant and low-cost metals tungsten, iron and cobalt, which are much less expensive than state-of-the-art catalysts based on precious metals. It showed no signs of degradation over more than 500 hours of continuous activity, unlike other efficient but short-lived catalysts. Their work was published online today in the leading journal Science.
HIMIPref™ Preferred Indices These values reflect the December 2008 revision of the HIMIPref™ Indices Values are provisional and are finalized monthly |
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Index | Mean Current Yield (at bid) |
Median YTW |
Median Average Trading Value |
Median Mod Dur (YTW) |
Issues | Day’s Perf. | Index Value |
Ratchet | 5.16 % | 6.29 % | 10,625 | 16.29 | 1 | 0.6918 % | 1,517.0 |
FixedFloater | 7.01 % | 6.16 % | 24,356 | 16.11 | 1 | 0.3704 % | 2,835.7 |
Floater | 4.77 % | 4.89 % | 62,497 | 15.70 | 4 | -1.1970 % | 1,622.7 |
OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.1521 % | 2,769.2 |
SplitShare | 4.81 % | 5.71 % | 77,711 | 1.63 | 7 | 0.1521 % | 3,240.4 |
Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.1521 % | 2,528.3 |
Perpetual-Premium | 5.78 % | -3.28 % | 84,945 | 0.08 | 6 | 0.0790 % | 2,558.5 |
Perpetual-Discount | 5.62 % | 5.64 % | 95,385 | 14.41 | 33 | -0.0418 % | 2,581.2 |
FixedReset | 5.35 % | 4.91 % | 185,765 | 13.82 | 87 | 0.1432 % | 1,908.4 |
Deemed-Retractible | 5.25 % | 5.61 % | 128,044 | 5.09 | 34 | -0.2935 % | 2,593.9 |
FloatingReset | 3.07 % | 4.93 % | 37,752 | 5.41 | 16 | 0.1210 % | 2,005.7 |
Performance Highlights | |||
Issue | Index | Change | Notes |
PWF.PR.A | Floater | -2.09 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-03-24 Maturity Price : 10.75 Evaluated at bid price : 10.75 Bid-YTW : 4.44 % |
BAM.PR.R | FixedReset | -1.96 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-03-24 Maturity Price : 15.04 Evaluated at bid price : 15.04 Bid-YTW : 5.06 % |
TD.PR.Y | FixedReset | -1.76 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2022-01-31 Maturity Price : 25.00 Evaluated at bid price : 23.43 Bid-YTW : 4.28 % |
IFC.PR.C | FixedReset | -1.70 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 17.30 Bid-YTW : 8.45 % |
TD.PF.A | FixedReset | -1.66 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-03-24 Maturity Price : 18.34 Evaluated at bid price : 18.34 Bid-YTW : 4.34 % |
HSB.PR.C | Deemed-Retractible | -1.46 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2022-01-31 Maturity Price : 25.00 Evaluated at bid price : 24.31 Bid-YTW : 5.67 % |
BAM.PR.T | FixedReset | -1.45 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-03-24 Maturity Price : 15.64 Evaluated at bid price : 15.64 Bid-YTW : 4.99 % |
CM.PR.P | FixedReset | -1.43 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-03-24 Maturity Price : 17.93 Evaluated at bid price : 17.93 Bid-YTW : 4.35 % |
GWO.PR.G | Deemed-Retractible | -1.23 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 23.21 Bid-YTW : 6.29 % |
SLF.PR.D | Deemed-Retractible | -1.22 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 20.24 Bid-YTW : 7.45 % |
HSE.PR.C | FixedReset | -1.19 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-03-24 Maturity Price : 16.60 Evaluated at bid price : 16.60 Bid-YTW : 6.06 % |
SLF.PR.B | Deemed-Retractible | -1.08 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 21.96 Bid-YTW : 6.66 % |
BAM.PR.K | Floater | -1.03 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-03-24 Maturity Price : 9.65 Evaluated at bid price : 9.65 Bid-YTW : 4.90 % |
BAM.PR.B | Floater | -1.02 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-03-24 Maturity Price : 9.67 Evaluated at bid price : 9.67 Bid-YTW : 4.89 % |
PWF.PR.Q | FloatingReset | 1.00 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-03-24 Maturity Price : 11.11 Evaluated at bid price : 11.11 Bid-YTW : 4.67 % |
BMO.PR.T | FixedReset | 1.00 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-03-24 Maturity Price : 18.18 Evaluated at bid price : 18.18 Bid-YTW : 4.35 % |
TRP.PR.A | FixedReset | 1.10 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-03-24 Maturity Price : 14.75 Evaluated at bid price : 14.75 Bid-YTW : 4.71 % |
MFC.PR.I | FixedReset | 1.12 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 18.92 Bid-YTW : 7.60 % |
SLF.PR.J | FloatingReset | 1.23 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 12.30 Bid-YTW : 10.98 % |
MFC.PR.F | FixedReset | 1.26 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 12.81 Bid-YTW : 10.90 % |
FTS.PR.H | FixedReset | 1.46 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-03-24 Maturity Price : 12.50 Evaluated at bid price : 12.50 Bid-YTW : 4.53 % |
CM.PR.Q | FixedReset | 1.54 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-03-24 Maturity Price : 19.15 Evaluated at bid price : 19.15 Bid-YTW : 4.61 % |
BAM.PF.G | FixedReset | 1.60 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-03-24 Maturity Price : 19.00 Evaluated at bid price : 19.00 Bid-YTW : 5.00 % |
MFC.PR.M | FixedReset | 1.69 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 18.00 Bid-YTW : 7.99 % |
MFC.PR.L | FixedReset | 1.73 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 17.62 Bid-YTW : 8.09 % |
CIU.PR.C | FixedReset | 1.81 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-03-24 Maturity Price : 10.71 Evaluated at bid price : 10.71 Bid-YTW : 4.91 % |
TRP.PR.C | FixedReset | 2.13 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-03-24 Maturity Price : 11.96 Evaluated at bid price : 11.96 Bid-YTW : 4.80 % |
FTS.PR.M | FixedReset | 2.31 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-03-24 Maturity Price : 17.70 Evaluated at bid price : 17.70 Bid-YTW : 4.82 % |
BMO.PR.Y | FixedReset | 2.47 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-03-24 Maturity Price : 19.90 Evaluated at bid price : 19.90 Bid-YTW : 4.46 % |
PWF.PR.T | FixedReset | 2.77 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-03-24 Maturity Price : 19.30 Evaluated at bid price : 19.30 Bid-YTW : 4.28 % |
RY.PR.J | FixedReset | 3.39 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-03-24 Maturity Price : 19.50 Evaluated at bid price : 19.50 Bid-YTW : 4.52 % |
Volume Highlights | |||
Issue | Index | Shares Traded |
Notes |
RY.PR.R | FixedReset | 177,897 | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-08-24 Maturity Price : 25.00 Evaluated at bid price : 25.79 Bid-YTW : 4.92 % |
RY.PR.Q | FixedReset | 169,826 | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-05-24 Maturity Price : 25.00 Evaluated at bid price : 25.87 Bid-YTW : 5.08 % |
BMO.PR.L | Deemed-Retractible | 90,419 | YTW SCENARIO Maturity Type : Call Maturity Date : 2016-05-25 Maturity Price : 25.25 Evaluated at bid price : 25.84 Bid-YTW : -5.26 % |
CU.PR.I | FixedReset | 78,520 | YTW SCENARIO Maturity Type : Call Maturity Date : 2020-12-01 Maturity Price : 25.00 Evaluated at bid price : 25.40 Bid-YTW : 4.21 % |
RY.PR.Z | FixedReset | 73,779 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-03-24 Maturity Price : 18.22 Evaluated at bid price : 18.22 Bid-YTW : 4.31 % |
BAM.PR.M | Perpetual-Discount | 65,010 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-03-24 Maturity Price : 19.90 Evaluated at bid price : 19.90 Bid-YTW : 6.00 % |
There were 39 other index-included issues trading in excess of 10,000 shares. |
Wide Spread Highlights | ||
Issue | Index | Quote Data and Yield Notes |
PWF.PR.Q | FloatingReset | Quote: 11.11 – 15.35 Spot Rate : 4.2400 Average : 2.5870 YTW SCENARIO |
GWO.PR.O | FloatingReset | Quote: 11.65 – 12.95 Spot Rate : 1.3000 Average : 0.9778 YTW SCENARIO |
PWF.PR.A | Floater | Quote: 10.75 – 11.38 Spot Rate : 0.6300 Average : 0.3957 YTW SCENARIO |
RY.PR.K | FloatingReset | Quote: 21.85 – 22.46 Spot Rate : 0.6100 Average : 0.3950 YTW SCENARIO |
BNS.PR.D | FloatingReset | Quote: 17.42 – 18.12 Spot Rate : 0.7000 Average : 0.5054 YTW SCENARIO |
TD.PR.Y | FixedReset | Quote: 23.43 – 24.00 Spot Rate : 0.5700 Average : 0.3980 YTW SCENARIO |