{"id":49532,"date":"2018-07-24T11:57:00","date_gmt":"2018-07-24T15:57:00","guid":{"rendered":"https:\/\/prefblog.com\/?p=49532"},"modified":"2025-08-20T11:58:32","modified_gmt":"2025-08-20T15:58:32","slug":"july-24-2018","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=49532","title":{"rendered":"July 24, 2018"},"content":{"rendered":"

I last mentioned this on 2016-11-30<\/a>, so here’s an update on increased efficiency at McDonalds<\/a>:<\/p>\n

\n

As minimum wage levels approach or surpass $15 nationwide, restaurant customers expecting to be greeted by a smiling face will instead be welcomed by a glowing LED screen.<\/p>\n

As of 2020, self-service ordering kiosks will be implemented at all U.S. McDonald\u2019s locations. Other chains, including fast-casual brands like Panera and casual-dining brands like Chili’s, have already embraced this trend. Some restaurant concepts have even automated the food-preparation process; earlier this year, NBC News profiled “Flippy,” a robot hamburger flipper. Other upcoming concepts include virtual restaurants which eliminate the need for full-service restaurants (and staff) by only offering home delivery.<\/p>\n<\/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-0.4000 %<\/td>\n3,098.0<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.4000 %<\/td>\n5,684.7<\/td>\n<\/tr>\n
Floater<\/td>\n3.49 %<\/td>\n3.71 %<\/td>\n62,305<\/td>\n18.04<\/td>\n4<\/td>\n-0.4000 %<\/td>\n3,276.1<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0000 %<\/td>\n3,200.9<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.59 %<\/td>\n4.45 %<\/td>\n58,166<\/td>\n4.89<\/td>\n5<\/td>\n0.0000 %<\/td>\n3,822.6<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0000 %<\/td>\n2,982.5<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.63 %<\/td>\n-14.65 %<\/td>\n62,543<\/td>\n0.09<\/td>\n9<\/td>\n0.0000 %<\/td>\n2,911.7<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.38 %<\/td>\n5.50 %<\/td>\n57,139<\/td>\n14.65<\/td>\n26<\/td>\n0.0361 %<\/td>\n2,984.8<\/td>\n<\/tr>\n
FixedReset<\/td>\n4.29 %<\/td>\n4.62 %<\/td>\n131,676<\/td>\n4.16<\/td>\n106<\/td>\n0.0482 %<\/td>\n2,564.7<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n5.14 %<\/td>\n6.01 %<\/td>\n61,912<\/td>\n5.45<\/td>\n27<\/td>\n0.1030 %<\/td>\n2,971.2<\/td>\n<\/tr>\n
FloatingReset<\/td>\n3.27 %<\/td>\n3.72 %<\/td>\n34,039<\/td>\n3.35<\/td>\n9<\/td>\n0.0891 %<\/td>\n2,832.0<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
BAM.PR.K<\/td>\nFloater<\/td>\n-1.13 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-07-24
\nMaturity Price : 17.46
\nEvaluated at bid price : 17.46
\nBid-YTW : 3.73 %<\/td>\n<\/tr>\n
BAM.PR.B<\/td>\nFloater<\/td>\n-1.13 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-07-24
\nMaturity Price : 17.54
\nEvaluated at bid price : 17.54
\nBid-YTW : 3.72 %<\/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
BNS.PR.G<\/td>\nFixedReset<\/td>\n99,912<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-07-25
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.34
\nBid-YTW : 3.61 %<\/td>\n<\/tr>\n
TRP.PR.K<\/td>\nFixedReset<\/td>\n99,157<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2022-05-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.66
\nBid-YTW : 4.38 %<\/td>\n<\/tr>\n
BNS.PR.H<\/td>\nFixedReset<\/td>\n73,758<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2022-01-26
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.15
\nBid-YTW : 3.45 %<\/td>\n<\/tr>\n
CM.PR.R<\/td>\nFixedReset<\/td>\n54,672<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2022-07-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.22
\nBid-YTW : 4.16 %<\/td>\n<\/tr>\n
PWF.PR.Q<\/td>\nFloatingReset<\/td>\n53,300<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-07-24
\nMaturity Price : 21.50
\nEvaluated at bid price : 21.87
\nBid-YTW : 3.44 %<\/td>\n<\/tr>\n
PWF.PR.T<\/td>\nFixedReset<\/td>\n52,813<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-07-24
\nMaturity Price : 23.47
\nEvaluated at bid price : 24.21
\nBid-YTW : 4.59 %<\/td>\n<\/tr>\n
There were 17 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
MFC.PR.Q<\/td>\nFixedReset<\/td>\nQuote: 24.80 – 25.10
\nSpot Rate : 0.3000
\nAverage : 0.2255<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.80
\nBid-YTW : 4.94 %<\/td>\n<\/tr>\n

IFC.PR.A<\/td>\nFixedReset<\/td>\nQuote: 19.70 – 20.00
\nSpot Rate : 0.3000
\nAverage : 0.2433<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 19.70
\nBid-YTW : 7.79 %<\/td>\n<\/tr>\n

CU.PR.I<\/td>\nFixedReset<\/td>\nQuote: 25.85 – 26.10
\nSpot Rate : 0.2500
\nAverage : 0.2034<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2020-12-01
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.85
\nBid-YTW : 3.29 %<\/td>\n<\/tr>\n

TRP.PR.J<\/td>\nFixedReset<\/td>\nQuote: 26.09 – 26.29
\nSpot Rate : 0.2000
\nAverage : 0.1537<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-05-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.09
\nBid-YTW : 4.19 %<\/td>\n<\/tr>\n

GWO.PR.Q<\/td>\nDeemed-Retractible<\/td>\nQuote: 23.79 – 23.95
\nSpot Rate : 0.1600
\nAverage : 0.1206<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.79
\nBid-YTW : 6.16 %<\/td>\n<\/tr>\n

TRP.PR.A<\/td>\nFixedReset<\/td>\nQuote: 20.21 – 20.50
\nSpot Rate : 0.2900
\nAverage : 0.2527<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-07-24
\nMaturity Price : 20.21
\nEvaluated at bid price : 20.21
\nBid-YTW : 4.95 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

I last mentioned this on 2016-11-30, so here’s an update on increased efficiency at McDonalds: As minimum wage levels approach or surpass $15 nationwide, restaurant customers expecting to be greeted by a smiling face will …<\/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-49532","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/49532","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=49532"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/49532\/revisions"}],"predecessor-version":[{"id":49533,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/49532\/revisions\/49533"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49532"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49532"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49532"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}