{"id":33708,"date":"2016-09-29T21:36:39","date_gmt":"2016-09-30T02:36:39","guid":{"rendered":"http:\/\/prefblog.com\/?p=33708"},"modified":"2016-09-29T21:36:39","modified_gmt":"2016-09-30T02:36:39","slug":"september-29-2016","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=33708","title":{"rendered":"September 29, 2016"},"content":{"rendered":"

UPS is attempting to catch up in the drone wars<\/a>:<\/p>\n

UPS, despite its decades of delivery experience, is a latecomer to the drone delivery game. Drone startup Flirtey demonstrated a ship-to-shore drone delivery of medical supplies off the coast of New Jersey earlier this summer, and drone delivery company Zipline declared its intent to delivery needed blood to rural populations in Washington State\u2019s San Juan islands.<\/p>\n

And it\u2019s not just startups that are already doing delivery. Amazon\u2019s drone program is perhaps the most famous, but Europe\u2019s own DHL delivery giant experimented with drones in difficult mountain terrain. Chinese online retailer JD.com is also exploring drone delivery in marshy and channel-crossed provinces, where flying drones can fly easily over the car-impassible waterways. That UPS is experimenting with drone technology is more a testament to the technology\u2019s broad appeal than any particular innovation by the company itself.<\/p><\/blockquote>\n

On a related note, Tyler Cowen of Bloomberg claims that technology favours suburbia<\/a>:<\/p>\n

Self-driving vehicles are also likely to help the suburbs most. One of the worst things about the suburbs is the commute to the city or to other parts of the suburbs. But what if you could read, text or watch TV \u2013 safely — during that commuting time? What if you could tackle your day\u2019s work just as you do on a train or plane? Commuting would seem a lot less painful. As driverless vehicles evolve to accommodate work and leisure uses of the automobile space, pleasure will replace commuting stress.<\/p>\n

What about drones? They too would seem to favor remote areas where it is harder to access useful goods and services. Drones may do more for exurbs and rural areas than for the suburbs, but it seems cities will gain least. Walking or biking to nearby shops is a potential substitute for drone delivery. Rolling sidewalk drones might find it harder to negotiate crowded cities, and cities with a dense network of tall buildings may be less friendly to flying drones. Population density may increase the risk of a drone falling on someone.<\/p><\/blockquote>\n

Jared Dillian writes in Forbes about the message we’re sending to the Chinese<\/a>:<\/p>\n

Shockwaves reverberated through Canada last week as the government announced that negotiations would commence on an extradition treaty between Canada and China.
…<\/b>
Make no mistake about it\u2013from Canada\u2019s perspective, this has everything to do with money laundering\u2013and the torrid housing market. In fact, supporters of the extradition treaty directly cite the inability of middle class Canadian families to buy homes that have become prohibitively expensive, due to foreign capital pouring into the country.
…<\/b>
But Canada should really reflect on whether they want a reversal of those capital flows. History has not been kind to countries that have slammed the door shut on foreign investment. And money always goes to where it is treated best. So if Canada becomes hostile to Chinese money, it will find somewhere else to go. And I\u2019m sure lots of countries would be happy to take it.<\/p><\/blockquote>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
HIMIPref™ Preferred Indices
These values reflect the December 2008 revision of the HIMIPref™ Indices<\/strong>
Values are provisional and are finalized monthly<\/td>\n<\/tr>\n
Index<\/td>\nMean
Current
Yield
(at bid)<\/td>\n		Median
YTW<\/td>\n		Median
Average
Trading
Value<\/td>\n		Median
Mod Dur
(YTW)<\/td>\n		Issues<\/td>\nDay’s Perf.<\/td>\nIndex Value<\/td>\n<\/tr>\n
Ratchet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.2307 %<\/td>\n1,702.8<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.2307 %<\/td>\n3,110.7<\/td>\n<\/tr>\n
Floater<\/td>\n4.86 %<\/td>\n4.59 %<\/td>\n88,221<\/td>\n16.24<\/td>\n4<\/td>\n-0.2307 %<\/td>\n1,792.7<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1749 %<\/td>\n2,897.5<\/td>\n<\/tr>\n
SplitShare<\/td>\n5.05 %<\/td>\n4.67 %<\/td>\n75,682<\/td>\n2.15<\/td>\n5<\/td>\n0.1749 %<\/td>\n3,460.2<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1749 %<\/td>\n2,699.8<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.50 %<\/td>\n4.63 %<\/td>\n64,580<\/td>\n1.94<\/td>\n12<\/td>\n-0.0781 %<\/td>\n2,688.1<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.13 %<\/td>\n5.02 %<\/td>\n91,923<\/td>\n15.08<\/td>\n26<\/td>\n0.0435 %<\/td>\n2,918.4<\/td>\n<\/tr>\n
FixedReset<\/td>\n4.96 %<\/td>\n4.25 %<\/td>\n148,773<\/td>\n6.98<\/td>\n92<\/td>\n0.1850 %<\/td>\n2,052.8<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n5.02 %<\/td>\n4.52 %<\/td>\n111,994<\/td>\n1.21<\/td>\n32<\/td>\n0.0178 %<\/td>\n2,802.7<\/td>\n<\/tr>\n
FloatingReset<\/td>\n2.84 %<\/td>\n4.40 %<\/td>\n32,262<\/td>\n4.97<\/td>\n12<\/td>\n0.1226 %<\/td>\n2,202.4<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
ELF.PR.G<\/td>\nPerpetual-Discount<\/td>\n-1.82 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-09-29
\nMaturity Price : 22.42
\nEvaluated at bid price : 22.68
\nBid-YTW : 5.24 %<\/td>\n<\/tr>\n
TRP.PR.F<\/td>\nFloatingReset<\/td>\n-1.20 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-09-29
\nMaturity Price : 13.95
\nEvaluated at bid price : 13.95
\nBid-YTW : 4.40 %<\/td>\n<\/tr>\n
PWF.PR.T<\/td>\nFixedReset<\/td>\n1.03 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-09-29
\nMaturity Price : 19.59
\nEvaluated at bid price : 19.59
\nBid-YTW : 4.02 %<\/td>\n<\/tr>\n
BAM.PF.G<\/td>\nFixedReset<\/td>\n1.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-09-29
\nMaturity Price : 20.43
\nEvaluated at bid price : 20.43
\nBid-YTW : 4.47 %<\/td>\n<\/tr>\n
BAM.PR.R<\/td>\nFixedReset<\/td>\n1.08 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-09-29
\nMaturity Price : 15.94
\nEvaluated at bid price : 15.94
\nBid-YTW : 4.60 %<\/td>\n<\/tr>\n
TRP.PR.C<\/td>\nFixedReset<\/td>\n1.13 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-09-29
\nMaturity Price : 13.45
\nEvaluated at bid price : 13.45
\nBid-YTW : 4.00 %<\/td>\n<\/tr>\n
BAM.PF.A<\/td>\nFixedReset<\/td>\n1.32 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-09-29
\nMaturity Price : 19.25
\nEvaluated at bid price : 19.25
\nBid-YTW : 4.69 %<\/td>\n<\/tr>\n
BAM.PF.B<\/td>\nFixedReset<\/td>\n1.61 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-09-29
\nMaturity Price : 17.72
\nEvaluated at bid price : 17.72
\nBid-YTW : 4.77 %<\/td>\n<\/tr>\n
CU.PR.C<\/td>\nFixedReset<\/td>\n1.69 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-09-29
\nMaturity Price : 18.07
\nEvaluated at bid price : 18.07
\nBid-YTW : 4.21 %<\/td>\n<\/tr>\n
MFC.PR.F<\/td>\nFixedReset<\/td>\n2.15 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 13.75
\nBid-YTW : 10.33 %<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n
Volume Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nShares
Traded<\/td>\n		Notes<\/td>\n<\/tr>\n
TD.PF.H<\/td>\nFixedReset<\/td>\n299,386<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-10-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.75
\nBid-YTW : 4.30 %<\/td>\n<\/tr>\n
BNS.PR.H<\/td>\nFixedReset<\/td>\n168,425<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2022-01-26
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.77
\nBid-YTW : 4.26 %<\/td>\n<\/tr>\n
BMO.PR.L<\/td>\nDeemed-Retractible<\/td>\n69,657<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2016-10-29
\nMaturity Price : 25.25
\nEvaluated at bid price : 25.71
\nBid-YTW : -9.38 %<\/td>\n<\/tr>\n
BNS.PR.O<\/td>\nDeemed-Retractible<\/td>\n54,300<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2016-10-29
\nMaturity Price : 25.25
\nEvaluated at bid price : 25.68
\nBid-YTW : -4.00 %<\/td>\n<\/tr>\n
RY.PR.R<\/td>\nFixedReset<\/td>\n53,800<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-08-24
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.85
\nBid-YTW : 3.98 %<\/td>\n<\/tr>\n
RY.PR.I<\/td>\nFixedReset<\/td>\n51,750<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.15
\nBid-YTW : 3.77 %<\/td>\n<\/tr>\n
There were 35 other index-included issues trading in excess of 10,000 shares.<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n
Wide Spread Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nQuote Data and Yield Notes<\/td>\n<\/tr>\n
IAG.PR.A<\/td>\nDeemed-Retractible<\/td>\nQuote: 23.06 – 23.50
\nSpot Rate : 0.4400
\nAverage : 0.3330<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.06
\nBid-YTW : 5.82 %<\/td>\n<\/tr>\n

FTS.PR.F<\/td>\nPerpetual-Discount<\/td>\nQuote: 24.67 – 24.95
\nSpot Rate : 0.2800
\nAverage : 0.1857<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-09-29
\nMaturity Price : 24.43
\nEvaluated at bid price : 24.67
\nBid-YTW : 5.01 %<\/td>\n<\/tr>\n

MFC.PR.O<\/td>\nFixedReset<\/td>\nQuote: 26.66 – 26.91
\nSpot Rate : 0.2500
\nAverage : 0.1739<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-06-19
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.66
\nBid-YTW : 4.11 %<\/td>\n<\/tr>\n

BNS.PR.E<\/td>\nFixedReset<\/td>\nQuote: 26.80 – 27.00
\nSpot Rate : 0.2000
\nAverage : 0.1272<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-04-25
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.80
\nBid-YTW : 4.02 %<\/td>\n<\/tr>\n

BNS.PR.A<\/td>\nFloatingReset<\/td>\nQuote: 23.11 – 23.36
\nSpot Rate : 0.2500
\nAverage : 0.1789<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.11
\nBid-YTW : 4.17 %<\/td>\n<\/tr>\n

CU.PR.D<\/td>\nPerpetual-Discount<\/td>\nQuote: 24.56 – 24.80
\nSpot Rate : 0.2400
\nAverage : 0.1739<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-09-29
\nMaturity Price : 24.08
\nEvaluated at bid price : 24.56
\nBid-YTW : 5.02 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

UPS is attempting to catch up in the drone wars: UPS, despite its decades of delivery experience, is a latecomer to the drone delivery game. Drone startup Flirtey demonstrated a ship-to-shore drone delivery of medical …<\/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-33708","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/33708","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=33708"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/33708\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33708"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33708"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33708"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}