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 |
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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 | -0.3073 % | 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 |
| BIP.PR.A | FixedReset Disc | Quote: 20.30 – 20.80 Spot Rate : 0.5000 Average : 0.2985 YTW SCENARIO |
| BAM.PF.D | Perpetual-Discount | Quote: 22.25 – 22.65 Spot Rate : 0.4000 Average : 0.2840 YTW SCENARIO |
| ELF.PR.H | Perpetual-Premium | Quote: 24.91 – 25.27 Spot Rate : 0.3600 Average : 0.2544 YTW SCENARIO |
| PWF.PR.E | Perpetual-Premium | Quote: 25.17 – 25.57 Spot Rate : 0.4000 Average : 0.3024 YTW SCENARIO |
| TD.PF.D | FixedReset Disc | Quote: 19.61 – 19.99 Spot Rate : 0.3800 Average : 0.2909 YTW SCENARIO |