To every action there is an equal and opposite reaction:
As recreational and commercially available drones become more advanced, areas that are off limits are having to develop plans to keep drones out. Other than taking a rifle and shooting one down, there really aren’t many options on the market to keep drones away from places like prisons, military bases, and other restricted air spaces. Dedrone is a company seeking to bridge that market gap by creating a drone detection and jamming system. Using an array of sensors, lasers, and jammers, the Dedrone system will detect when a malicious drone enters designated airspace and automatically take defensive action.
There’s a causal link between Brexit and the commercial property chaos:
Some commercial property buyers are invoking “Brexit clauses” written into contracts agreed before Britain voted to leave the European Union, allowing them to walk away from the deals.
In other cases buyers have yet to exercise such get-out clauses but are keeping the option open to try to renegotiate the price down, according to property lawyers and managers.
A third group is playing for time in the hope that the effect of the June 23 referendum result on values becomes clearer, they say.
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 | 0.2017 % | 1,644.3 |
FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.2017 % | 3,003.7 |
Floater | 4.99 % | 4.78 % | 93,101 | 15.91 | 4 | 0.2017 % | 1,731.1 |
OpRet | 4.85 % | 1.28 % | 38,543 | 0.14 | 1 | 0.1983 % | 2,843.6 |
SplitShare | 5.14 % | 5.65 % | 96,689 | 4.60 | 5 | 0.1051 % | 3,352.3 |
Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.1051 % | 2,615.6 |
Perpetual-Premium | 5.50 % | -12.75 % | 81,706 | 0.09 | 12 | 0.3725 % | 2,670.5 |
Perpetual-Discount | 5.27 % | 5.23 % | 100,367 | 15.01 | 26 | 0.7106 % | 2,809.3 |
FixedReset | 5.15 % | 4.38 % | 149,564 | 7.18 | 88 | 0.3776 % | 1,968.7 |
Deemed-Retractible | 5.03 % | 5.02 % | 130,158 | 4.86 | 33 | 0.3191 % | 2,757.1 |
FloatingReset | 2.98 % | 4.90 % | 35,226 | 5.17 | 11 | 0.3225 % | 2,094.8 |
Performance Highlights | |||
Issue | Index | Change | Notes |
BIP.PR.B | FixedReset | 1.02 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2020-12-31 Maturity Price : 25.00 Evaluated at bid price : 25.78 Bid-YTW : 4.79 % |
SLF.PR.D | Deemed-Retractible | 1.05 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 22.17 Bid-YTW : 6.23 % |
SLF.PR.G | FixedReset | 1.07 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 14.15 Bid-YTW : 9.75 % |
MFC.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 : 23.33 Bid-YTW : 5.72 % |
BAM.PR.M | Perpetual-Discount | 1.08 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-07-11 Maturity Price : 21.46 Evaluated at bid price : 21.46 Bid-YTW : 5.58 % |
CU.PR.G | Perpetual-Discount | 1.11 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-07-11 Maturity Price : 21.61 Evaluated at bid price : 21.89 Bid-YTW : 5.19 % |
BNS.PR.C | FloatingReset | 1.11 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2022-01-31 Maturity Price : 25.00 Evaluated at bid price : 21.81 Bid-YTW : 4.90 % |
RY.PR.P | Perpetual-Premium | 1.12 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2025-02-24 Maturity Price : 25.00 Evaluated at bid price : 26.09 Bid-YTW : 4.75 % |
MFC.PR.C | Deemed-Retractible | 1.13 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 22.33 Bid-YTW : 6.20 % |
RY.PR.J | FixedReset | 1.14 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-07-11 Maturity Price : 19.52 Evaluated at bid price : 19.52 Bid-YTW : 4.32 % |
PWF.PR.E | Perpetual-Premium | 1.16 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2016-08-10 Maturity Price : 25.00 Evaluated at bid price : 25.31 Bid-YTW : -12.75 % |
SLF.PR.C | Deemed-Retractible | 1.19 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 22.17 Bid-YTW : 6.23 % |
MFC.PR.J | FixedReset | 1.21 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 18.41 Bid-YTW : 7.65 % |
TRP.PR.B | FixedReset | 1.26 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-07-11 Maturity Price : 11.25 Evaluated at bid price : 11.25 Bid-YTW : 4.19 % |
MFC.PR.L | FixedReset | 1.38 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 17.59 Bid-YTW : 8.11 % |
MFC.PR.M | FixedReset | 1.38 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 18.32 Bid-YTW : 7.75 % |
NA.PR.S | FixedReset | 1.54 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-07-11 Maturity Price : 17.82 Evaluated at bid price : 17.82 Bid-YTW : 4.33 % |
IAG.PR.G | FixedReset | 1.61 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 18.90 Bid-YTW : 7.44 % |
CU.PR.F | Perpetual-Discount | 1.73 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-07-11 Maturity Price : 21.47 Evaluated at bid price : 21.80 Bid-YTW : 5.21 % |
FTS.PR.J | Perpetual-Discount | 1.78 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-07-11 Maturity Price : 23.55 Evaluated at bid price : 24.01 Bid-YTW : 4.98 % |
NA.PR.W | FixedReset | 1.89 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-07-11 Maturity Price : 17.28 Evaluated at bid price : 17.28 Bid-YTW : 4.30 % |
TRP.PR.C | FixedReset | 1.95 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-07-11 Maturity Price : 12.05 Evaluated at bid price : 12.05 Bid-YTW : 4.38 % |
CU.PR.D | Perpetual-Discount | 2.12 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-07-11 Maturity Price : 23.61 Evaluated at bid price : 24.06 Bid-YTW : 5.13 % |
CU.PR.E | Perpetual-Discount | 2.60 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-07-11 Maturity Price : 23.64 Evaluated at bid price : 24.09 Bid-YTW : 5.13 % |
Volume Highlights | |||
Issue | Index | Shares Traded |
Notes |
BIP.PR.B | FixedReset | 94,530 | YTW SCENARIO Maturity Type : Call Maturity Date : 2020-12-31 Maturity Price : 25.00 Evaluated at bid price : 25.78 Bid-YTW : 4.79 % |
BMO.PR.R | FloatingReset | 66,650 | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2022-01-31 Maturity Price : 25.00 Evaluated at bid price : 21.51 Bid-YTW : 5.05 % |
BAM.PR.R | FixedReset | 63,159 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-07-11 Maturity Price : 15.41 Evaluated at bid price : 15.41 Bid-YTW : 4.69 % |
RY.PR.Q | FixedReset | 60,149 | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-05-24 Maturity Price : 25.00 Evaluated at bid price : 26.65 Bid-YTW : 4.18 % |
TD.PR.Y | FixedReset | 50,600 | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2022-01-31 Maturity Price : 25.00 Evaluated at bid price : 23.43 Bid-YTW : 4.04 % |
TD.PR.Z | FloatingReset | 50,100 | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2022-01-31 Maturity Price : 25.00 Evaluated at bid price : 21.56 Bid-YTW : 4.92 % |
There were 32 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: 19.59 – 20.25 Spot Rate : 0.6600 Average : 0.4958 YTW SCENARIO |
RY.PR.I | FixedReset | Quote: 23.42 – 23.71 Spot Rate : 0.2900 Average : 0.1809 YTW SCENARIO |
TRP.PR.B | FixedReset | Quote: 11.25 – 11.65 Spot Rate : 0.4000 Average : 0.2919 YTW SCENARIO |
MFC.PR.F | FixedReset | Quote: 13.60 – 13.93 Spot Rate : 0.3300 Average : 0.2460 YTW SCENARIO |
BNS.PR.Z | FixedReset | Quote: 19.70 – 19.95 Spot Rate : 0.2500 Average : 0.1737 YTW SCENARIO |
BIP.PR.A | FixedReset | Quote: 19.00 – 19.30 Spot Rate : 0.3000 Average : 0.2253 YTW SCENARIO |