Some great news about drones:
In April, Google’s parent company Alphabet got the green light from the FAA to start delivering goods via drone in Virginia. The company’s service is already underway in Australia and includes foodservice establishments.
Amazon unveiled its Prime Air delivery drone in early June, with plans to deliver packages from the Amazon platform “in the coming months.”
Also in June, Uber received permission from the FAA to test drone delivery in San Diego. Its initial test phase included Uber Eats’ partner McDonald’s, and the company plans to test the service with other restaurant partners later this year, according to TechCrunch.
| 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 | 0.3929 % | 1,980.8 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.3929 % | 3,634.7 |
| Floater | 6.01 % | 6.17 % | 38,041 | 13.66 | 4 | 0.3929 % | 2,094.7 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.1861 % | 3,349.1 |
| SplitShare | 4.65 % | 4.59 % | 78,371 | 4.15 | 7 | 0.1861 % | 3,999.5 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.1861 % | 3,120.6 |
| Perpetual-Premium | 5.62 % | -16.20 % | 54,666 | 0.09 | 7 | -0.0618 % | 2,975.6 |
| Perpetual-Discount | 5.46 % | 5.54 % | 60,163 | 14.57 | 25 | 0.1060 % | 3,116.8 |
| FixedReset Disc | 5.38 % | 5.40 % | 160,316 | 14.69 | 69 | -0.1640 % | 2,136.5 |
| Deemed-Retractible | 5.23 % | 5.86 % | 68,088 | 7.99 | 27 | 0.0079 % | 3,105.9 |
| FloatingReset | 4.04 % | 4.36 % | 39,411 | 2.45 | 4 | -0.1572 % | 2,366.4 |
| FixedReset Prem | 5.14 % | 4.02 % | 168,552 | 1.92 | 17 | -0.0229 % | 2,590.6 |
| FixedReset Bank Non | 1.98 % | 4.22 % | 95,691 | 2.46 | 3 | 0.0279 % | 2,649.1 |
| FixedReset Ins Non | 5.25 % | 7.45 % | 88,185 | 8.03 | 22 | -0.3727 % | 2,172.6 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| MFC.PR.M | FixedReset Ins Non | -1.74 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 17.46 Bid-YTW : 8.36 % |
| MFC.PR.N | FixedReset Ins Non | -1.66 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 17.17 Bid-YTW : 8.49 % |
| BMO.PR.Y | FixedReset Disc | -1.62 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-07-15 Maturity Price : 19.48 Evaluated at bid price : 19.48 Bid-YTW : 5.53 % |
| MFC.PR.J | FixedReset Ins Non | -1.59 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 19.21 Bid-YTW : 7.75 % |
| BAM.PF.B | FixedReset Disc | -1.51 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-07-15 Maturity Price : 17.60 Evaluated at bid price : 17.60 Bid-YTW : 6.12 % |
| RY.PR.M | FixedReset Disc | -1.42 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-07-15 Maturity Price : 19.46 Evaluated at bid price : 19.46 Bid-YTW : 5.39 % |
| SLF.PR.H | FixedReset Ins Non | -1.42 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 16.00 Bid-YTW : 8.87 % |
| RY.PR.J | FixedReset Disc | -1.33 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-07-15 Maturity Price : 20.06 Evaluated at bid price : 20.06 Bid-YTW : 5.40 % |
| TRP.PR.A | FixedReset Disc | -1.20 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-07-15 Maturity Price : 14.05 Evaluated at bid price : 14.05 Bid-YTW : 6.24 % |
| BMO.PR.S | FixedReset Disc | -1.11 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-07-15 Maturity Price : 18.72 Evaluated at bid price : 18.72 Bid-YTW : 5.26 % |
| MFC.PR.C | Deemed-Retractible | -1.10 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 20.73 Bid-YTW : 6.88 % |
| IFC.PR.A | FixedReset Ins Non | -1.09 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 15.45 Bid-YTW : 9.10 % |
| BIP.PR.D | FixedReset Disc | -1.06 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-07-15 Maturity Price : 22.08 Evaluated at bid price : 22.41 Bid-YTW : 5.93 % |
| CU.PR.I | FixedReset Prem | -1.05 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2020-12-01 Maturity Price : 25.00 Evaluated at bid price : 25.35 Bid-YTW : 3.86 % |
| BAM.PF.J | FixedReset Disc | 1.09 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-07-15 Maturity Price : 22.98 Evaluated at bid price : 24.15 Bid-YTW : 4.89 % |
| CCS.PR.C | Deemed-Retractible | 1.11 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 23.76 Bid-YTW : 5.69 % |
| HSE.PR.C | FixedReset Disc | 1.30 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-07-15 Maturity Price : 18.70 Evaluated at bid price : 18.70 Bid-YTW : 6.33 % |
| CM.PR.O | FixedReset Disc | 1.67 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-07-15 Maturity Price : 17.61 Evaluated at bid price : 17.61 Bid-YTW : 5.53 % |
| BAM.PR.X | FixedReset Disc | 2.96 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-07-15 Maturity Price : 13.22 Evaluated at bid price : 13.22 Bid-YTW : 6.20 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| BMO.PR.S | FixedReset Disc | 68,213 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-07-15 Maturity Price : 18.72 Evaluated at bid price : 18.72 Bid-YTW : 5.26 % |
| MFC.PR.O | FixedReset Ins Non | 56,000 | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-06-19 Maturity Price : 25.00 Evaluated at bid price : 25.66 Bid-YTW : 4.41 % |
| TD.PF.M | FixedReset Disc | 42,787 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-07-15 Maturity Price : 23.15 Evaluated at bid price : 24.98 Bid-YTW : 5.08 % |
| TRP.PR.B | FixedReset Disc | 37,930 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-07-15 Maturity Price : 11.76 Evaluated at bid price : 11.76 Bid-YTW : 6.02 % |
| SLF.PR.C | Deemed-Retractible | 36,022 | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 20.88 Bid-YTW : 6.72 % |
| TD.PF.C | FixedReset Disc | 34,609 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-07-15 Maturity Price : 17.91 Evaluated at bid price : 17.91 Bid-YTW : 5.34 % |
| There were 16 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| IFC.PR.E | Deemed-Retractible | Quote: 23.71 – 24.36 Spot Rate : 0.6500 Average : 0.4332 YTW SCENARIO |
| MFC.PR.N | FixedReset Ins Non | Quote: 17.17 – 17.59 Spot Rate : 0.4200 Average : 0.3156 YTW SCENARIO |
| PWF.PR.Z | Perpetual-Discount | Quote: 23.00 – 23.35 Spot Rate : 0.3500 Average : 0.2465 YTW SCENARIO |
| RY.PR.J | FixedReset Disc | Quote: 20.06 – 20.36 Spot Rate : 0.3000 Average : 0.2046 YTW SCENARIO |
| MFC.PR.C | Deemed-Retractible | Quote: 20.73 – 21.09 Spot Rate : 0.3600 Average : 0.2651 YTW SCENARIO |
| CU.PR.D | Perpetual-Discount | Quote: 22.85 – 23.25 Spot Rate : 0.4000 Average : 0.3293 YTW SCENARIO |