Let’s close the week off with some rather dated (2014) anti-drone news:
Watch how a US Military Naval ship equipped with a LaWS laser weapon-system destroys an enemy target.
The laser locks onto its target and opens ‘fire’. The target explodes leaving the platform unscathed.
The laser then neatly incinerates a Scan Eagle drone, which plunges to the sea below.
| 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 | 1.4098 % | 2,040.3 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 1.4098 % | 3,743.9 |
| Floater | 3.70 % | 3.94 % | 54,166 | 17.50 | 4 | 1.4098 % | 2,157.6 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.4508 % | 2,984.2 |
| SplitShare | 4.74 % | 4.01 % | 59,074 | 0.79 | 4 | 0.4508 % | 3,563.8 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.4508 % | 2,780.6 |
| Perpetual-Premium | 5.42 % | -3.02 % | 72,726 | 0.09 | 16 | 0.0073 % | 2,733.3 |
| Perpetual-Discount | 5.17 % | 5.16 % | 96,865 | 15.07 | 22 | -0.1810 % | 2,907.5 |
| FixedReset | 4.48 % | 4.13 % | 227,641 | 6.78 | 97 | 0.1783 % | 2,300.9 |
| Deemed-Retractible | 5.03 % | 0.47 % | 126,437 | 0.12 | 31 | 0.0016 % | 2,844.1 |
| FloatingReset | 2.48 % | 3.13 % | 51,355 | 4.67 | 9 | 0.2796 % | 2,460.1 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| NA.PR.W | FixedReset | 1.09 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2047-02-17 Maturity Price : 21.39 Evaluated at bid price : 21.39 Bid-YTW : 4.02 % |
| TRP.PR.A | FixedReset | 1.16 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2047-02-17 Maturity Price : 18.25 Evaluated at bid price : 18.25 Bid-YTW : 4.23 % |
| TRP.PR.D | FixedReset | 1.57 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2047-02-17 Maturity Price : 21.33 Evaluated at bid price : 21.33 Bid-YTW : 4.17 % |
| PWF.PR.A | Floater | 4.31 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2047-02-17 Maturity Price : 14.75 Evaluated at bid price : 14.75 Bid-YTW : 3.22 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| BIP.PR.C | FixedReset | 171,858 | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-09-30 Maturity Price : 25.00 Evaluated at bid price : 25.75 Bid-YTW : 4.82 % |
| BAM.PR.K | Floater | 155,300 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2047-02-17 Maturity Price : 12.10 Evaluated at bid price : 12.10 Bid-YTW : 3.94 % |
| BAM.PR.C | Floater | 130,583 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2047-02-17 Maturity Price : 12.10 Evaluated at bid price : 12.10 Bid-YTW : 3.94 % |
| BAM.PR.B | Floater | 120,956 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2047-02-17 Maturity Price : 12.12 Evaluated at bid price : 12.12 Bid-YTW : 3.94 % |
| TD.PR.Z | FloatingReset | 99,000 | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2022-01-31 Maturity Price : 25.00 Evaluated at bid price : 23.80 Bid-YTW : 3.13 % |
| TRP.PR.K | FixedReset | 89,297 | YTW SCENARIO Maturity Type : Call Maturity Date : 2022-05-31 Maturity Price : 25.00 Evaluated at bid price : 25.71 Bid-YTW : 4.30 % |
| There were 28 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| TRP.PR.F | FloatingReset | Quote: 17.00 – 17.35 Spot Rate : 0.3500 Average : 0.2413 YTW SCENARIO |
| MFC.PR.L | FixedReset | Quote: 20.85 – 21.11 Spot Rate : 0.2600 Average : 0.1649 YTW SCENARIO |
| ELF.PR.F | Perpetual-Discount | Quote: 24.30 – 24.54 Spot Rate : 0.2400 Average : 0.1549 YTW SCENARIO |
| TD.PF.G | FixedReset | Quote: 26.85 – 27.06 Spot Rate : 0.2100 Average : 0.1297 YTW SCENARIO |
| CM.PR.O | FixedReset | Quote: 21.50 – 21.72 Spot Rate : 0.2200 Average : 0.1438 YTW SCENARIO |
| MFC.PR.H | FixedReset | Quote: 23.76 – 23.96 Spot Rate : 0.2000 Average : 0.1274 YTW SCENARIO |
Egregious off topic comment:
I’m sure Athabasca Oil would like such convenience of drone usage:
http://business.financialpost.com/news/fp-street/tenderconsent-combo-irks-some-athabasca-oil-corp-noteholders
Money quote:
It all depends on, among other things, whether Athabasca can raise US$450 million via a five-year debt at 9.875 per cent financing.
What? I thought the recent deal would reduce financing costs?
Sorry but this has me confused. Any ready wants to chime in and educate me, awesome.
Sorry to be off topic.
My bad
ready = reader