{"id":33604,"date":"2016-09-08T23:09:14","date_gmt":"2016-09-09T04:09:14","guid":{"rendered":"http:\/\/prefblog.com\/?p=33604"},"modified":"2016-09-08T23:09:14","modified_gmt":"2016-09-09T04:09:14","slug":"september-8-2016","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=33604","title":{"rendered":"September 8, 2016"},"content":{"rendered":"<p>There is <a href=\"http:\/\/www.bloomberg.com\/news\/articles\/2016-09-08\/burrito-by-drone-coming-to-campus-in-test-of-alphabet-s-delivery\">great news from the world of drones<\/a>:<\/p>\n<blockquote><p>In what\u2019s sure to be a college student\u2019s dream come true, drones will soon be delivering burritos on the campus of Virginia Tech.<\/p>\n<p>The experimental service, to begin this month and last just a few weeks, is a test by Project Wing, a unit of Google\u2019s parent company Alphabet Inc. Chipotle Mexican Grill Inc. and the Blacksburg, Virginia, university have agreed to participate.<br \/><b>&#8230;<\/b><br \/>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.<\/p>\n<p>The devices will hover overhead and lower the Chipotle edibles with a winch.<\/p>\n<p>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\u2019s a challenge. The company is already at work on a more sophisticated second version of the aircraft that won\u2019t be used in the tests, Vos said.<\/p><\/blockquote>\n<table border='1'>\n<tr>\n<td colspan='8'><strong>HIMIPref&trade; Preferred Indices<br \/>These values reflect the December 2008 revision of the HIMIPref&trade; Indices<\/strong><br \/>Values are provisional and are finalized monthly<\/td>\n<\/tr>\n<tr>\n<td>Index<\/td>\n<td>Mean<br \/>Current<br \/>Yield<br \/>(at bid)<\/td>\n<td>Median<br \/>YTW<\/td>\n<td>Median<br \/>Average<br \/>Trading<br \/>Value<\/td>\n<td>Median<br \/>Mod Dur<br \/>(YTW)<\/td>\n<td>Issues<\/td>\n<td>Day&#8217;s Perf.<\/td>\n<td>Index Value<\/td>\n<\/tr>\n<tr>\n<td>Ratchet<\/td>\n<td>0.00 %<\/td>\n<td>0.00 %<\/td>\n<td>0<\/td>\n<td>0.00<\/td>\n<td>0<\/td>\n<td>-0.0179 %<\/td>\n<td>1,678.9<\/td>\n<\/tr>\n<tr>\n<td>FixedFloater<\/td>\n<td>0.00 %<\/td>\n<td>0.00 %<\/td>\n<td>0<\/td>\n<td>0.00<\/td>\n<td>0<\/td>\n<td>-0.0179 %<\/td>\n<td>3,066.9<\/td>\n<\/tr>\n<tr>\n<td>Floater<\/td>\n<td>4.89 %<\/td>\n<td>4.67 %<\/td>\n<td>89,168<\/td>\n<td>16.00<\/td>\n<td>4<\/td>\n<td>-0.0179 %<\/td>\n<td>1,767.5<\/td>\n<\/tr>\n<tr>\n<td>OpRet<\/td>\n<td>0.00 %<\/td>\n<td>0.00 %<\/td>\n<td>0<\/td>\n<td>0.00<\/td>\n<td>0<\/td>\n<td>-0.0554 %<\/td>\n<td>2,886.5<\/td>\n<\/tr>\n<tr>\n<td>SplitShare<\/td>\n<td>5.04 %<\/td>\n<td>4.38 %<\/td>\n<td>81,897<\/td>\n<td>2.21<\/td>\n<td>5<\/td>\n<td>-0.0554 %<\/td>\n<td>3,447.1<\/td>\n<\/tr>\n<tr>\n<td>Interest-Bearing<\/td>\n<td>0.00 %<\/td>\n<td>0.00 %<\/td>\n<td>0<\/td>\n<td>0.00<\/td>\n<td>0<\/td>\n<td>-0.0554 %<\/td>\n<td>2,689.6<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Premium<\/td>\n<td>5.50 %<\/td>\n<td>3.65 %<\/td>\n<td>72,300<\/td>\n<td>0.14<\/td>\n<td>12<\/td>\n<td>0.1695 %<\/td>\n<td>2,676.7<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Discount<\/td>\n<td>5.12 %<\/td>\n<td>5.14 %<\/td>\n<td>101,211<\/td>\n<td>14.97<\/td>\n<td>26<\/td>\n<td>0.0632 %<\/td>\n<td>2,907.4<\/td>\n<\/tr>\n<tr>\n<td>FixedReset<\/td>\n<td>4.98 %<\/td>\n<td>4.38 %<\/td>\n<td>149,737<\/td>\n<td>6.99<\/td>\n<td>90<\/td>\n<td>0.5449 %<\/td>\n<td>2,038.2<\/td>\n<\/tr>\n<tr>\n<td>Deemed-Retractible<\/td>\n<td>5.00 %<\/td>\n<td>4.77 %<\/td>\n<td>117,843<\/td>\n<td>3.24<\/td>\n<td>32<\/td>\n<td>0.3256 %<\/td>\n<td>2,807.3<\/td>\n<\/tr>\n<tr>\n<td>FloatingReset<\/td>\n<td>2.84 %<\/td>\n<td>3.95 %<\/td>\n<td>28,702<\/td>\n<td>5.03<\/td>\n<td>12<\/td>\n<td>0.1702 %<\/td>\n<td>2,209.5<\/td>\n<\/tr>\n<\/table>\n<table border='1'>\n<tr>\n<td colspan='4'><strong>Performance Highlights<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Issue<\/td>\n<td>Index<\/td>\n<td>Change<\/td>\n<td>Notes<\/td>\n<\/tr>\n<tr>\n<td>HSE.PR.A<\/td>\n<td>FixedReset<\/td>\n<td>1.01 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2046-09-08<br \/>\nMaturity Price  : 12.02<br \/>\nEvaluated at bid price : 12.02<br \/>\nBid-YTW : 5.01 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.R<\/td>\n<td>FixedReset<\/td>\n<td>1.10 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2046-09-08<br \/>\nMaturity Price  : 15.60<br \/>\nEvaluated at bid price : 15.60<br \/>\nBid-YTW : 4.87 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.S<\/td>\n<td>FixedReset<\/td>\n<td>1.11 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2046-09-08<br \/>\nMaturity Price  : 19.19<br \/>\nEvaluated at bid price : 19.19<br \/>\nBid-YTW : 4.12 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.A<\/td>\n<td>Deemed-Retractible<\/td>\n<td>1.17 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2025-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 24.21<br \/>\nBid-YTW : 5.21 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.J<\/td>\n<td>FloatingReset<\/td>\n<td>1.18 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2025-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 12.91<br \/>\nBid-YTW : 10.87 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.Q<\/td>\n<td>FixedReset<\/td>\n<td>1.21 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2022-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 20.07<br \/>\nBid-YTW : 6.19 %<\/td>\n<\/tr>\n<tr>\n<td>FTS.PR.M<\/td>\n<td>FixedReset<\/td>\n<td>1.24 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2046-09-08<br \/>\nMaturity Price  : 20.40<br \/>\nEvaluated at bid price : 20.40<br \/>\nBid-YTW : 4.07 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.G<\/td>\n<td>FixedReset<\/td>\n<td>1.33 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2046-09-08<br \/>\nMaturity Price  : 20.60<br \/>\nEvaluated at bid price : 20.60<br \/>\nBid-YTW : 4.48 %<\/td>\n<\/tr>\n<tr>\n<td>FTS.PR.K<\/td>\n<td>FixedReset<\/td>\n<td>1.40 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2046-09-08<br \/>\nMaturity Price  : 18.12<br \/>\nEvaluated at bid price : 18.12<br \/>\nBid-YTW : 3.99 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.H<\/td>\n<td>FixedReset<\/td>\n<td>1.78 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2025-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 21.20<br \/>\nBid-YTW : 6.20 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.I<\/td>\n<td>FixedReset<\/td>\n<td>2.05 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2025-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 19.92<br \/>\nBid-YTW : 6.88 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.K<\/td>\n<td>FixedReset<\/td>\n<td>2.19 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2025-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 17.29<br \/>\nBid-YTW : 8.34 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.N<\/td>\n<td>FixedReset<\/td>\n<td>2.30 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2025-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 14.25<br \/>\nBid-YTW : 9.70 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.L<\/td>\n<td>FixedReset<\/td>\n<td>2.36 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2025-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 18.18<br \/>\nBid-YTW : 7.73 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.Z<\/td>\n<td>FixedReset<\/td>\n<td>2.38 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2046-09-08<br \/>\nMaturity Price  : 19.39<br \/>\nEvaluated at bid price : 19.39<br \/>\nBid-YTW : 4.91 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.J<\/td>\n<td>FixedReset<\/td>\n<td>2.45 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2025-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 18.85<br \/>\nBid-YTW : 7.43 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.G<\/td>\n<td>FixedReset<\/td>\n<td>2.47 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2025-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 19.50<br \/>\nBid-YTW : 7.12 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.X<\/td>\n<td>FixedReset<\/td>\n<td>2.72 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2046-09-08<br \/>\nMaturity Price  : 13.60<br \/>\nEvaluated at bid price : 13.60<br \/>\nBid-YTW : 4.82 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.N<\/td>\n<td>FixedReset<\/td>\n<td>2.87 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2025-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 18.66<br \/>\nBid-YTW : 7.50 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.M<\/td>\n<td>FixedReset<\/td>\n<td>2.97 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2025-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 18.75<br \/>\nBid-YTW : 7.49 %<\/td>\n<\/tr>\n<\/table>\n<table border='1'>\n<tr>\n<td colspan='4'><strong>Volume Highlights<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Issue<\/td>\n<td>Index<\/td>\n<td>Shares<br \/>Traded<\/td>\n<td>Notes<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.H<\/td>\n<td>FixedReset<\/td>\n<td>2,936,651<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2021-10-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.43<br \/>\nBid-YTW : 4.53 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.J<\/td>\n<td>FixedReset<\/td>\n<td>107,837<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2046-09-08<br \/>\nMaturity Price  : 19.79<br \/>\nEvaluated at bid price : 19.79<br \/>\nBid-YTW : 4.39 %<\/td>\n<\/tr>\n<tr>\n<td>POW.PR.D<\/td>\n<td>Perpetual-Discount<\/td>\n<td>60,364<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2046-09-08<br \/>\nMaturity Price  : 24.29<br \/>\nEvaluated at bid price : 24.60<br \/>\nBid-YTW : 5.15 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.I<\/td>\n<td>Perpetual-Premium<\/td>\n<td>59,533<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2016-10-08<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.64<br \/>\nBid-YTW : -16.35 %<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.A<\/td>\n<td>FixedReset<\/td>\n<td>54,400<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2021-08-15<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 26.30<br \/>\nBid-YTW : 4.54 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.L<\/td>\n<td>Perpetual-Discount<\/td>\n<td>53,200<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2046-09-08<br \/>\nMaturity Price  : 24.68<br \/>\nEvaluated at bid price : 25.00<br \/>\nBid-YTW : 5.15 %<\/td>\n<\/tr>\n<tr>\n<td colspan='4'>There were 51 other index-included issues trading in excess of 10,000 shares.<\/td>\n<\/tr>\n<\/table>\n<table border='1'>\n<tr>\n<td colspan='3'><strong>Wide Spread Highlights<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Issue<\/td>\n<td>Index<\/td>\n<td>Quote Data and Yield Notes<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.M<\/td>\n<td>FixedReset<\/td>\n<td>Quote: 18.75 &#8211; 19.23<br \/>\nSpot Rate  :  0.4800<br \/>\nAverage  :  0.2947<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2025-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 18.75<br \/>\nBid-YTW : 7.49 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.F<\/td>\n<td>Deemed-Retractible<\/td>\n<td>Quote: 25.20 &#8211; 25.60<br \/>\nSpot Rate  :  0.4000<br \/>\nAverage  :  0.2379<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2016-10-08<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.20<br \/>\nBid-YTW : -3.03 %<\/td>\n<\/tr>\n<tr>\n<td>POW.PR.G<\/td>\n<td>Perpetual-Premium<\/td>\n<td>Quote: 25.82 &#8211; 26.30<br \/>\nSpot Rate  :  0.4800<br \/>\nAverage  :  0.3322<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2020-04-15<br \/>\nMaturity Price  : 25.25<br \/>\nEvaluated at bid price : 25.82<br \/>\nBid-YTW : 5.14 %<\/td>\n<\/tr>\n<tr>\n<td>CCS.PR.C<\/td>\n<td>Deemed-Retractible<\/td>\n<td>Quote: 24.27 &#8211; 24.79<br \/>\nSpot Rate  :  0.5200<br \/>\nAverage  :  0.3725<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2025-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 24.27<br \/>\nBid-YTW : 5.43 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.Z<\/td>\n<td>FixedReset<\/td>\n<td>Quote: 18.70 &#8211; 19.04<br \/>\nSpot Rate  :  0.3400<br \/>\nAverage  :  0.2162<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2046-09-08<br \/>\nMaturity Price  : 18.70<br \/>\nEvaluated at bid price : 18.70<br \/>\nBid-YTW : 4.09 %<\/td>\n<\/tr>\n<tr>\n<td>FTS.PR.H<\/td>\n<td>FixedReset<\/td>\n<td>Quote: 13.60 &#8211; 13.90<br \/>\nSpot Rate  :  0.3000<br \/>\nAverage  :  0.2035<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2046-09-08<br \/>\nMaturity Price  : 13.60<br \/>\nEvaluated at bid price : 13.60<br \/>\nBid-YTW : 4.05 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>There is great news from the world of drones: In what\u2019s sure to be a college student\u2019s dream come true, drones will soon be delivering burritos on the campus of Virginia Tech. The experimental service, &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[],"class_list":["post-33604","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/33604","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=33604"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/33604\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33604"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33604"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33604"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}