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 |