{"id":41359,"date":"2020-09-14T18:59:36","date_gmt":"2020-09-14T23:59:36","guid":{"rendered":"http:\/\/prefblog.com\/?p=41359"},"modified":"2020-09-14T18:59:36","modified_gmt":"2020-09-14T23:59:36","slug":"september-14-2020","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=41359","title":{"rendered":"September 14, 2020"},"content":{"rendered":"

There’s a couple of preferred share lawsuits brewing<\/a>:<\/p>\n

Both client groups allege that throughout 2017 and the first half of 2018, Mr. Liu recommended a new investment strategy that \u201cassured safety” of their principal and provided \u201creasonable\u201d investment returns.<\/p>\n

Shortly after, clients allege they were instead placed in a high-risk strategy that involved short-selling bonds \u2013 particularly Canadian government bonds \u2013 to purchase long positions in preferred shares, many of which had variable rates or rates that reset based on interest rate movement.<\/p>\n

According to court documents, Mr. Liu further advised the clients to begin trading on margin \u2013 investing using borrowed money \u2013 in order to purchase a larger amount of preferred shares. In some instances, clients allege Mr. Liu engaged in this strategy without informing them or seeking their permission.<\/p>\n

None of the clients were told it was \u201ca high-risk, speculative strategy\u201d that was inconsistent with their low-risk investment objectives, the suit alleges.<\/p><\/blockquote>\n

Shorting governments is similar in investment characteristics to taking a mortgage … see this comment and my answer<\/a> which refers back to this old comment and my answer<\/a>. One of the risks I didn’t mention was price risk – the risk that the market values of the two sides of the position could move against you. Unless something else goes wrong, this shouldn’t hurt a long-term investor … but what were the investors in this strategy told?<\/p>\n

Eventually, we get down to the same old question: just what the hell does “risk” mean, anyway?<\/p>\n\n\n\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>\n1.8116 %<\/td>\n1,667.1<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n1.8116 %<\/td>\n3,059.0<\/td>\n<\/tr>\n
Floater<\/td>\n5.10 %<\/td>\n5.12 %<\/td>\n58,125<\/td>\n15.32<\/td>\n3<\/td>\n1.8116 %<\/td>\n1,762.9<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.2032 %<\/td>\n3,550.1<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.79 %<\/td>\n4.38 %<\/td>\n38,440<\/td>\n3.66<\/td>\n7<\/td>\n0.2032 %<\/td>\n4,239.5<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.2032 %<\/td>\n3,307.8<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.36 %<\/td>\n4.88 %<\/td>\n77,858<\/td>\n6.83<\/td>\n17<\/td>\n0.0880 %<\/td>\n3,117.6<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.24 %<\/td>\n5.31 %<\/td>\n90,255<\/td>\n14.91<\/td>\n17<\/td>\n0.4405 %<\/td>\n3,500.5<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.45 %<\/td>\n4.18 %<\/td>\n127,643<\/td>\n16.38<\/td>\n68<\/td>\n-0.1201 %<\/td>\n2,097.2<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n5.04 %<\/td>\n4.88 %<\/td>\n114,628<\/td>\n15.12<\/td>\n27<\/td>\n0.1685 %<\/td>\n3,444.7<\/td>\n<\/tr>\n
FloatingReset<\/td>\n2.89 %<\/td>\n2.16 %<\/td>\n50,292<\/td>\n1.36<\/td>\n3<\/td>\n-0.2476 %<\/td>\n1,786.8<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.27 %<\/td>\n4.55 %<\/td>\n253,829<\/td>\n0.91<\/td>\n11<\/td>\n0.0504 %<\/td>\n2,610.6<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n1.96 %<\/td>\n2.30 %<\/td>\n130,388<\/td>\n1.35<\/td>\n2<\/td>\n-0.0808 %<\/td>\n2,832.6<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.74 %<\/td>\n4.47 %<\/td>\n90,193<\/td>\n16.16<\/td>\n22<\/td>\n-0.2745 %<\/td>\n2,101.7<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\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
BAM.PR.Z<\/td>\nFixedReset Disc<\/td>\n-9.94 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-14
\nMaturity Price : 15.00
\nEvaluated at bid price : 15.00
\nBid-YTW : 5.90 %<\/td>\n<\/tr>\n
TRP.PR.G<\/td>\nFixedReset Disc<\/td>\n-7.34 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-14
\nMaturity Price : 14.26
\nEvaluated at bid price : 14.26
\nBid-YTW : 5.88 %<\/td>\n<\/tr>\n
TD.PF.D<\/td>\nFixedReset Disc<\/td>\n-3.22 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-14
\nMaturity Price : 19.52
\nEvaluated at bid price : 19.52
\nBid-YTW : 4.10 %<\/td>\n<\/tr>\n
IAF.PR.G<\/td>\nFixedReset Ins Non<\/td>\n-2.90 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-14
\nMaturity Price : 18.05
\nEvaluated at bid price : 18.05
\nBid-YTW : 4.53 %<\/td>\n<\/tr>\n
CU.PR.C<\/td>\nFixedReset Disc<\/td>\n-2.31 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-14
\nMaturity Price : 16.05
\nEvaluated at bid price : 16.05
\nBid-YTW : 4.42 %<\/td>\n<\/tr>\n
SLF.PR.J<\/td>\nFloatingReset<\/td>\n-2.13 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-14
\nMaturity Price : 9.20
\nEvaluated at bid price : 9.20
\nBid-YTW : 4.24 %<\/td>\n<\/tr>\n
MFC.PR.I<\/td>\nFixedReset Ins Non<\/td>\n-1.95 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-14
\nMaturity Price : 18.65
\nEvaluated at bid price : 18.65
\nBid-YTW : 4.50 %<\/td>\n<\/tr>\n
TD.PF.I<\/td>\nFixedReset Disc<\/td>\n-1.72 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-14
\nMaturity Price : 21.76
\nEvaluated at bid price : 22.25
\nBid-YTW : 3.93 %<\/td>\n<\/tr>\n
PWF.PR.T<\/td>\nFixedReset Disc<\/td>\n-1.52 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-14
\nMaturity Price : 16.22
\nEvaluated at bid price : 16.22
\nBid-YTW : 4.70 %<\/td>\n<\/tr>\n
BNS.PR.I<\/td>\nFixedReset Disc<\/td>\n-1.33 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-14
\nMaturity Price : 20.05
\nEvaluated at bid price : 20.05
\nBid-YTW : 3.98 %<\/td>\n<\/tr>\n
BMO.PR.D<\/td>\nFixedReset Disc<\/td>\n-1.06 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-14
\nMaturity Price : 22.20
\nEvaluated at bid price : 22.50
\nBid-YTW : 4.03 %<\/td>\n<\/tr>\n
MFC.PR.K<\/td>\nFixedReset Ins Non<\/td>\n-1.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-14
\nMaturity Price : 16.15
\nEvaluated at bid price : 16.15
\nBid-YTW : 4.47 %<\/td>\n<\/tr>\n
BAM.PR.M<\/td>\nPerpetual-Discount<\/td>\n1.02 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-14
\nMaturity Price : 21.85
\nEvaluated at bid price : 22.09
\nBid-YTW : 5.38 %<\/td>\n<\/tr>\n
BIP.PR.A<\/td>\nFixedReset Disc<\/td>\n1.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-14
\nMaturity Price : 17.48
\nEvaluated at bid price : 17.48
\nBid-YTW : 5.65 %<\/td>\n<\/tr>\n
CU.PR.I<\/td>\nFixedReset Disc<\/td>\n1.06 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-14
\nMaturity Price : 24.00
\nEvaluated at bid price : 24.85
\nBid-YTW : 4.51 %<\/td>\n<\/tr>\n
TD.PF.A<\/td>\nFixedReset Disc<\/td>\n1.08 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-14
\nMaturity Price : 17.76
\nEvaluated at bid price : 17.76
\nBid-YTW : 4.03 %<\/td>\n<\/tr>\n
BAM.PR.N<\/td>\nPerpetual-Discount<\/td>\n1.16 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-14
\nMaturity Price : 21.78
\nEvaluated at bid price : 22.03
\nBid-YTW : 5.40 %<\/td>\n<\/tr>\n
BAM.PF.D<\/td>\nPerpetual-Discount<\/td>\n1.24 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-14
\nMaturity Price : 22.84
\nEvaluated at bid price : 23.13
\nBid-YTW : 5.30 %<\/td>\n<\/tr>\n
BAM.PF.I<\/td>\nFixedReset Disc<\/td>\n1.24 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-14
\nMaturity Price : 23.87
\nEvaluated at bid price : 24.25
\nBid-YTW : 4.94 %<\/td>\n<\/tr>\n
BAM.PF.J<\/td>\nFixedReset Disc<\/td>\n1.30 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-14
\nMaturity Price : 22.75
\nEvaluated at bid price : 23.35
\nBid-YTW : 5.07 %<\/td>\n<\/tr>\n
TD.PF.B<\/td>\nFixedReset Disc<\/td>\n1.31 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-14
\nMaturity Price : 17.77
\nEvaluated at bid price : 17.77
\nBid-YTW : 4.05 %<\/td>\n<\/tr>\n
BAM.PF.H<\/td>\nFixedReset Disc<\/td>\n1.31 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-14
\nMaturity Price : 23.69
\nEvaluated at bid price : 24.55
\nBid-YTW : 5.06 %<\/td>\n<\/tr>\n
NA.PR.E<\/td>\nFixedReset Disc<\/td>\n1.32 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-14
\nMaturity Price : 19.16
\nEvaluated at bid price : 19.16
\nBid-YTW : 4.18 %<\/td>\n<\/tr>\n
IFC.PR.G<\/td>\nFixedReset Ins Non<\/td>\n1.36 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-14
\nMaturity Price : 18.00
\nEvaluated at bid price : 18.00
\nBid-YTW : 4.46 %<\/td>\n<\/tr>\n
BAM.PR.C<\/td>\nFloater<\/td>\n1.45 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-14
\nMaturity Price : 8.38
\nEvaluated at bid price : 8.38
\nBid-YTW : 5.12 %<\/td>\n<\/tr>\n
BIP.PR.D<\/td>\nFixedReset Disc<\/td>\n1.60 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-14
\nMaturity Price : 22.49
\nEvaluated at bid price : 22.88
\nBid-YTW : 5.46 %<\/td>\n<\/tr>\n
BIP.PR.B<\/td>\nFixedReset Disc<\/td>\n1.65 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-14
\nMaturity Price : 23.89
\nEvaluated at bid price : 24.70
\nBid-YTW : 5.55 %<\/td>\n<\/tr>\n
IFC.PR.C<\/td>\nFixedReset Ins Non<\/td>\n1.77 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-14
\nMaturity Price : 16.35
\nEvaluated at bid price : 16.35
\nBid-YTW : 4.66 %<\/td>\n<\/tr>\n
BAM.PR.B<\/td>\nFloater<\/td>\n1.92 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-14
\nMaturity Price : 8.45
\nEvaluated at bid price : 8.45
\nBid-YTW : 5.08 %<\/td>\n<\/tr>\n
IFC.PR.I<\/td>\nPerpetual-Premium<\/td>\n1.95 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2029-03-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.21
\nBid-YTW : 5.28 %<\/td>\n<\/tr>\n
BAM.PR.K<\/td>\nFloater<\/td>\n2.06 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-14
\nMaturity Price : 8.37
\nEvaluated at bid price : 8.37
\nBid-YTW : 5.13 %<\/td>\n<\/tr>\n
IAF.PR.B<\/td>\nDeemed-Retractible<\/td>\n2.83 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-14
\nMaturity Price : 23.36
\nEvaluated at bid price : 23.65
\nBid-YTW : 4.86 %<\/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
CM.PR.R<\/td>\nFixedReset Disc<\/td>\n106,750<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-14
\nMaturity Price : 23.26
\nEvaluated at bid price : 23.62
\nBid-YTW : 4.06 %<\/td>\n<\/tr>\n
BMO.PR.B<\/td>\nFixedReset Prem<\/td>\n49,925<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-14
\nMaturity Price : 23.81
\nEvaluated at bid price : 25.17
\nBid-YTW : 4.37 %<\/td>\n<\/tr>\n
SLF.PR.C<\/td>\nDeemed-Retractible<\/td>\n47,255<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-14
\nMaturity Price : 22.68
\nEvaluated at bid price : 22.92
\nBid-YTW : 4.85 %<\/td>\n<\/tr>\n
BMO.PR.D<\/td>\nFixedReset Disc<\/td>\n46,340<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-14
\nMaturity Price : 22.20
\nEvaluated at bid price : 22.50
\nBid-YTW : 4.03 %<\/td>\n<\/tr>\n
BAM.PF.D<\/td>\nPerpetual-Discount<\/td>\n39,300<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-14
\nMaturity Price : 22.84
\nEvaluated at bid price : 23.13
\nBid-YTW : 5.30 %<\/td>\n<\/tr>\n
RY.PR.R<\/td>\nFixedReset Prem<\/td>\n35,475<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-08-24
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.40
\nBid-YTW : 4.14 %<\/td>\n<\/tr>\n
There were 19 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
IAF.PR.G<\/td>\nFixedReset Ins Non<\/td>\nQuote: 18.05 – 20.00
\nSpot Rate : 1.9500
\nAverage : 1.4508<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-14
\nMaturity Price : 18.05
\nEvaluated at bid price : 18.05
\nBid-YTW : 4.53 %<\/td>\n<\/tr>\n

TRP.PR.G<\/td>\nFixedReset Disc<\/td>\nQuote: 14.26 – 15.70
\nSpot Rate : 1.4400
\nAverage : 1.1412<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-14
\nMaturity Price : 14.26
\nEvaluated at bid price : 14.26
\nBid-YTW : 5.88 %<\/td>\n<\/tr>\n

TD.PF.D<\/td>\nFixedReset Disc<\/td>\nQuote: 19.52 – 20.54
\nSpot Rate : 1.0200
\nAverage : 0.7402<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-14
\nMaturity Price : 19.52
\nEvaluated at bid price : 19.52
\nBid-YTW : 4.10 %<\/td>\n<\/tr>\n

MFC.PR.N<\/td>\nFixedReset Ins Non<\/td>\nQuote: 16.10 – 17.80
\nSpot Rate : 1.7000
\nAverage : 1.4785<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-14
\nMaturity Price : 16.10
\nEvaluated at bid price : 16.10
\nBid-YTW : 4.53 %<\/td>\n<\/tr>\n

BAM.PR.Z<\/td>\nFixedReset Disc<\/td>\nQuote: 15.00 – 17.05
\nSpot Rate : 2.0500
\nAverage : 1.8300<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-14
\nMaturity Price : 15.00
\nEvaluated at bid price : 15.00
\nBid-YTW : 5.90 %<\/td>\n<\/tr>\n

BAM.PF.E<\/td>\nFixedReset Disc<\/td>\nQuote: 14.68 – 15.30
\nSpot Rate : 0.6200
\nAverage : 0.4475<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-14
\nMaturity Price : 14.68
\nEvaluated at bid price : 14.68
\nBid-YTW : 5.27 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

There’s a couple of preferred share lawsuits brewing: Both client groups allege that throughout 2017 and the first half of 2018, Mr. Liu recommended a new investment strategy that \u201cassured safety” of their principal and …<\/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-41359","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/41359","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=41359"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/41359\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=41359"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=41359"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=41359"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}