January 2, 2020

With every New Year, my long-held dream of 4am food deliveries draws nearer!

A Michigan company that makes self-driving food delivery vehicles will begin testing them out in Ann Arbor in January with patrons from four restaurants.

Ann Arbor-based Refraction AI makes the REV, an autonomous robot that’s five feet (1.5 meters) tall, with wheels and a fuselage that can hold delivery bags. The company will begin using its REVs on Jan. 3 to make meal deliveries from four restaurants to a test group of 300 customers in downtown Ann Arbor.

Canadian preferred share volume was very low today, but we’ll see what next week brings (tomorrow doesn’t count)!

HIMIPref™ Preferred Indices
These values reflect the December 2008 revision of the HIMIPref™ Indices

Values are provisional and are finalized monthly
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 -0.3073 % 2,147.6
FixedFloater 0.00 % 0.00 % 0 0.00 0 -0.3073 % 3,940.7
Floater 5.68 % 5.80 % 48,905 14.24 4 -0.3073 % 2,271.0
OpRet 0.00 % 0.00 % 0 0.00 0 -0.0457 % 3,443.4
SplitShare 4.78 % 4.53 % 36,267 3.78 6 -0.0457 % 4,112.2
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 -0.0457 % 3,208.5
Perpetual-Premium 5.56 % -3.10 % 63,371 0.09 11 -0.0608 % 3,046.2
Perpetual-Discount 5.27 % 5.36 % 69,500 14.86 24 -0.0287 % 3,285.5
FixedReset Disc 5.48 % 5.77 % 204,186 14.23 64 0.0192 % 2,168.6
Deemed-Retractible 5.17 % 5.28 % 68,398 14.89 27 -0.1981 % 3,227.2
FloatingReset 6.04 % 6.07 % 85,587 13.70 3 0.9289 % 2,550.6
FixedReset Prem 5.07 % 3.46 % 138,661 1.54 22 -0.0460 % 2,646.4
FixedReset Bank Non 1.93 % 3.66 % 65,736 2.01 3 0.2450 % 2,737.6
FixedReset Ins Non 5.32 % 5.73 % 143,820 14.25 22 -0.0268 % 2,203.7
Performance Highlights
Issue Index Change Notes
HSE.PR.E FixedReset Disc -3.67 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-01-02
Maturity Price : 18.35
Evaluated at bid price : 18.35
Bid-YTW : 7.22 %
BIP.PR.A FixedReset Disc -2.64 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-01-02
Maturity Price : 20.30
Evaluated at bid price : 20.30
Bid-YTW : 6.49 %
IFC.PR.A FixedReset Ins Non 1.04 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-01-02
Maturity Price : 14.55
Evaluated at bid price : 14.55
Bid-YTW : 5.89 %
NA.PR.G FixedReset Disc 1.08 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-01-02
Maturity Price : 19.73
Evaluated at bid price : 19.73
Bid-YTW : 5.89 %
BNS.PR.I FixedReset Disc 1.12 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-01-02
Maturity Price : 19.90
Evaluated at bid price : 19.90
Bid-YTW : 5.49 %
TRP.PR.G FixedReset Disc 1.18 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-01-02
Maturity Price : 18.82
Evaluated at bid price : 18.82
Bid-YTW : 6.19 %
HSE.PR.A FixedReset Disc 1.22 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-01-02
Maturity Price : 12.45
Evaluated at bid price : 12.45
Bid-YTW : 6.76 %
IAF.PR.G FixedReset Ins Non 1.31 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-01-02
Maturity Price : 19.40
Evaluated at bid price : 19.40
Bid-YTW : 5.74 %
TRP.PR.F FloatingReset 1.49 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-01-02
Maturity Price : 14.33
Evaluated at bid price : 14.33
Bid-YTW : 6.33 %
Volume Highlights
Issue Index Shares
Traded
Notes
TD.PF.B FixedReset Disc 58,000 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-01-02
Maturity Price : 17.46
Evaluated at bid price : 17.46
Bid-YTW : 5.65 %
GWO.PR.S Deemed-Retractible 33,019 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-01-02
Maturity Price : 24.42
Evaluated at bid price : 24.75
Bid-YTW : 5.32 %
RY.PR.S FixedReset Disc 32,759 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-01-02
Maturity Price : 19.54
Evaluated at bid price : 19.54
Bid-YTW : 5.50 %
SLF.PR.A Deemed-Retractible 30,075 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-01-02
Maturity Price : 22.22
Evaluated at bid price : 22.50
Bid-YTW : 5.30 %
BMO.PR.E FixedReset Disc 18,902 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-01-02
Maturity Price : 20.00
Evaluated at bid price : 20.00
Bid-YTW : 5.67 %
IAF.PR.I FixedReset Ins Non 18,608 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-01-02
Maturity Price : 19.75
Evaluated at bid price : 19.75
Bid-YTW : 5.74 %
There were 8 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
Issue Index Quote Data and Yield Notes
HSE.PR.E FixedReset Disc Quote: 18.35 – 19.21
Spot Rate : 0.8600
Average : 0.6181

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-01-02
Maturity Price : 18.35
Evaluated at bid price : 18.35
Bid-YTW : 7.22 %

BIP.PR.A FixedReset Disc Quote: 20.30 – 20.80
Spot Rate : 0.5000
Average : 0.2985

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-01-02
Maturity Price : 20.30
Evaluated at bid price : 20.30
Bid-YTW : 6.49 %

BAM.PF.D Perpetual-Discount Quote: 22.25 – 22.65
Spot Rate : 0.4000
Average : 0.2840

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-01-02
Maturity Price : 21.96
Evaluated at bid price : 22.25
Bid-YTW : 5.53 %

ELF.PR.H Perpetual-Premium Quote: 24.91 – 25.27
Spot Rate : 0.3600
Average : 0.2544

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-01-02
Maturity Price : 24.54
Evaluated at bid price : 24.91
Bid-YTW : 5.52 %

PWF.PR.E Perpetual-Premium Quote: 25.17 – 25.57
Spot Rate : 0.4000
Average : 0.3024

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-01-02
Maturity Price : 24.87
Evaluated at bid price : 25.17
Bid-YTW : 5.55 %

TD.PF.D FixedReset Disc Quote: 19.61 – 19.99
Spot Rate : 0.3800
Average : 0.2909

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-01-02
Maturity Price : 19.61
Evaluated at bid price : 19.61
Bid-YTW : 5.77 %

Leave a Reply

You must be logged in to post a comment.