There is great news from the world of drones:
In what’s sure to be a college student’s dream come true, drones will soon be delivering burritos on the campus of Virginia Tech.
The experimental service, to begin this month and last just a few weeks, is a test by Project Wing, a unit of Google’s parent company Alphabet Inc. Chipotle Mexican Grill Inc. and the Blacksburg, Virginia, university have agreed to participate.
…
Project Wing will use self-guided hybrids that can fly like a plane or hover like a helicopter. They will make deliveries from a Chipotle food truck to assess the accuracy of navigation systems and how people respond.The devices will hover overhead and lower the Chipotle edibles with a winch.
Part of the experiment will be to see how well the packaging protects the chow and keeps it warm. Food was selected as the demonstration cargo because it’s a challenge. The company is already at work on a more sophisticated second version of the aircraft that won’t be used in the tests, Vos said.
| 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 | -0.0179 % | 1,678.9 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0179 % | 3,066.9 |
| Floater | 4.89 % | 4.67 % | 89,168 | 16.00 | 4 | -0.0179 % | 1,767.5 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0554 % | 2,886.5 |
| SplitShare | 5.04 % | 4.38 % | 81,897 | 2.21 | 5 | -0.0554 % | 3,447.1 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0554 % | 2,689.6 |
| Perpetual-Premium | 5.50 % | 3.65 % | 72,300 | 0.14 | 12 | 0.1695 % | 2,676.7 |
| Perpetual-Discount | 5.12 % | 5.14 % | 101,211 | 14.97 | 26 | 0.0632 % | 2,907.4 |
| FixedReset | 4.98 % | 4.38 % | 149,737 | 6.99 | 90 | 0.5449 % | 2,038.2 |
| Deemed-Retractible | 5.00 % | 4.77 % | 117,843 | 3.24 | 32 | 0.3256 % | 2,807.3 |
| FloatingReset | 2.84 % | 3.95 % | 28,702 | 5.03 | 12 | 0.1702 % | 2,209.5 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| HSE.PR.A | FixedReset | 1.01 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-09-08 Maturity Price : 12.02 Evaluated at bid price : 12.02 Bid-YTW : 5.01 % |
| BAM.PR.R | FixedReset | 1.10 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-09-08 Maturity Price : 15.60 Evaluated at bid price : 15.60 Bid-YTW : 4.87 % |
| BMO.PR.S | FixedReset | 1.11 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-09-08 Maturity Price : 19.19 Evaluated at bid price : 19.19 Bid-YTW : 4.12 % |
| SLF.PR.A | Deemed-Retractible | 1.17 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 24.21 Bid-YTW : 5.21 % |
| SLF.PR.J | FloatingReset | 1.18 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 12.91 Bid-YTW : 10.87 % |
| BMO.PR.Q | FixedReset | 1.21 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2022-01-31 Maturity Price : 25.00 Evaluated at bid price : 20.07 Bid-YTW : 6.19 % |
| FTS.PR.M | FixedReset | 1.24 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-09-08 Maturity Price : 20.40 Evaluated at bid price : 20.40 Bid-YTW : 4.07 % |
| TRP.PR.G | FixedReset | 1.33 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-09-08 Maturity Price : 20.60 Evaluated at bid price : 20.60 Bid-YTW : 4.48 % |
| FTS.PR.K | FixedReset | 1.40 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-09-08 Maturity Price : 18.12 Evaluated at bid price : 18.12 Bid-YTW : 3.99 % |
| MFC.PR.H | FixedReset | 1.78 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 21.20 Bid-YTW : 6.20 % |
| MFC.PR.I | FixedReset | 2.05 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 19.92 Bid-YTW : 6.88 % |
| MFC.PR.K | FixedReset | 2.19 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 17.29 Bid-YTW : 8.34 % |
| GWO.PR.N | FixedReset | 2.30 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 14.25 Bid-YTW : 9.70 % |
| MFC.PR.L | FixedReset | 2.36 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 18.18 Bid-YTW : 7.73 % |
| BAM.PR.Z | FixedReset | 2.38 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-09-08 Maturity Price : 19.39 Evaluated at bid price : 19.39 Bid-YTW : 4.91 % |
| MFC.PR.J | FixedReset | 2.45 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 18.85 Bid-YTW : 7.43 % |
| MFC.PR.G | FixedReset | 2.47 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 19.50 Bid-YTW : 7.12 % |
| BAM.PR.X | FixedReset | 2.72 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-09-08 Maturity Price : 13.60 Evaluated at bid price : 13.60 Bid-YTW : 4.82 % |
| MFC.PR.N | FixedReset | 2.87 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 18.66 Bid-YTW : 7.50 % |
| MFC.PR.M | FixedReset | 2.97 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 18.75 Bid-YTW : 7.49 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| TD.PF.H | FixedReset | 2,936,651 | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-10-31 Maturity Price : 25.00 Evaluated at bid price : 25.43 Bid-YTW : 4.53 % |
| RY.PR.J | FixedReset | 107,837 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-09-08 Maturity Price : 19.79 Evaluated at bid price : 19.79 Bid-YTW : 4.39 % |
| POW.PR.D | Perpetual-Discount | 60,364 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-09-08 Maturity Price : 24.29 Evaluated at bid price : 24.60 Bid-YTW : 5.15 % |
| PWF.PR.I | Perpetual-Premium | 59,533 | YTW SCENARIO Maturity Type : Call Maturity Date : 2016-10-08 Maturity Price : 25.00 Evaluated at bid price : 25.64 Bid-YTW : -16.35 % |
| NA.PR.A | FixedReset | 54,400 | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-08-15 Maturity Price : 25.00 Evaluated at bid price : 26.30 Bid-YTW : 4.54 % |
| PWF.PR.L | Perpetual-Discount | 53,200 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-09-08 Maturity Price : 24.68 Evaluated at bid price : 25.00 Bid-YTW : 5.15 % |
| There were 51 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| MFC.PR.M | FixedReset | Quote: 18.75 – 19.23 Spot Rate : 0.4800 Average : 0.2947 YTW SCENARIO |
| RY.PR.F | Deemed-Retractible | Quote: 25.20 – 25.60 Spot Rate : 0.4000 Average : 0.2379 YTW SCENARIO |
| POW.PR.G | Perpetual-Premium | Quote: 25.82 – 26.30 Spot Rate : 0.4800 Average : 0.3322 YTW SCENARIO |
| CCS.PR.C | Deemed-Retractible | Quote: 24.27 – 24.79 Spot Rate : 0.5200 Average : 0.3725 YTW SCENARIO |
| RY.PR.Z | FixedReset | Quote: 18.70 – 19.04 Spot Rate : 0.3400 Average : 0.2162 YTW SCENARIO |
| FTS.PR.H | FixedReset | Quote: 13.60 – 13.90 Spot Rate : 0.3000 Average : 0.2035 YTW SCENARIO |