Assiduous Reader MichaelA brings to my attention a wonderful, lengthy article on practical robotics research titled Pizza, the unsung agent of the robot revolution:
It’s often been said that without the online adult entertainment industry driving innovation on the Internet, the e-commerce and video streaming platforms that we take for granted today would never have matured so rapidly.
In years to come, will we be saying the same about pizza’s role in accelerating retail delivery technologies?
Pizza and porn, driving technological progress! You see, girls, us guys really do serve a higher purpose!
| 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 | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.5533 % | 1,711.1 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.5533 % | 3,125.8 |
| Floater | 4.38 % | 4.53 % | 43,315 | 16.36 | 4 | -0.5533 % | 1,801.4 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0066 % | 2,898.8 |
| SplitShare | 4.83 % | 4.67 % | 41,414 | 2.08 | 6 | -0.0066 % | 3,461.8 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0066 % | 2,701.0 |
| Perpetual-Premium | 5.35 % | 4.59 % | 77,139 | 0.09 | 23 | 0.0652 % | 2,700.8 |
| Perpetual-Discount | 5.12 % | 5.10 % | 95,259 | 15.29 | 15 | 0.2888 % | 2,913.5 |
| FixedReset | 4.85 % | 4.21 % | 178,263 | 6.91 | 93 | 0.0870 % | 2,098.8 |
| Deemed-Retractible | 5.03 % | 3.21 % | 110,537 | 0.42 | 32 | -0.0407 % | 2,806.5 |
| FloatingReset | 2.87 % | 3.63 % | 40,463 | 4.93 | 12 | 0.1901 % | 2,267.0 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| PWF.PR.A | Floater | -1.69 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-10-27 Maturity Price : 11.60 Evaluated at bid price : 11.60 Bid-YTW : 4.07 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| BMO.PR.B | FixedReset | 340,735 | YTW SCENARIO Maturity Type : Call Maturity Date : 2022-02-25 Maturity Price : 25.00 Evaluated at bid price : 25.70 Bid-YTW : 4.30 % |
| GWO.PR.N | FixedReset | 255,500 | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 13.79 Bid-YTW : 10.36 % |
| RY.PR.Q | FixedReset | 224,651 | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-05-24 Maturity Price : 25.00 Evaluated at bid price : 26.65 Bid-YTW : 3.84 % |
| TRP.PR.J | FixedReset | 154,271 | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-05-31 Maturity Price : 25.00 Evaluated at bid price : 26.56 Bid-YTW : 4.23 % |
| BNS.PR.R | FixedReset | 152,724 | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2022-01-31 Maturity Price : 25.00 Evaluated at bid price : 24.67 Bid-YTW : 3.40 % |
| RY.PR.R | FixedReset | 113,522 | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-08-24 Maturity Price : 25.00 Evaluated at bid price : 26.74 Bid-YTW : 3.84 % |
| BNS.PR.H | FixedReset | 111,873 | YTW SCENARIO Maturity Type : Call Maturity Date : 2022-01-26 Maturity Price : 25.00 Evaluated at bid price : 25.93 Bid-YTW : 4.20 % |
| There were 29 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| PWF.PR.T | FixedReset | Quote: 20.10 – 20.55 Spot Rate : 0.4500 Average : 0.2955 YTW SCENARIO |
| IAG.PR.A | Deemed-Retractible | Quote: 23.30 – 23.79 Spot Rate : 0.4900 Average : 0.3429 YTW SCENARIO |
| W.PR.K | FixedReset | Quote: 26.01 – 26.30 Spot Rate : 0.2900 Average : 0.2116 YTW SCENARIO |
| BNS.PR.R | FixedReset | Quote: 24.67 – 24.86 Spot Rate : 0.1900 Average : 0.1251 YTW SCENARIO |
| GWO.PR.F | Deemed-Retractible | Quote: 25.64 – 25.95 Spot Rate : 0.3100 Average : 0.2467 YTW SCENARIO |
| FTS.PR.J | Perpetual-Discount | Quote: 23.74 – 23.95 Spot Rate : 0.2100 Average : 0.1536 YTW SCENARIO |