{"id":43717,"date":"2022-06-29T21:51:11","date_gmt":"2022-06-30T02:51:11","guid":{"rendered":"https:\/\/prefblog.com\/?p=43717"},"modified":"2022-06-29T21:51:11","modified_gmt":"2022-06-30T02:51:11","slug":"june-29-2022","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=43717","title":{"rendered":"June 29, 2022"},"content":{"rendered":"

An eMail from the New York Fed brought news of a new index:<\/p>\n

The Federal Reserve Bank of New York today announced the monthly publication of a first-of-its-kind research product focused on identifying periods of widespread distress in the U.S. corporate bond market. Starting with today\u2019s publication, the Corporate Bond Market Distress Index<\/a> (CMDI)\u2014a summary metric of U.S. corporate bond market functioning\u2014will be updated regularly at 10:00 AM ET on the last Wednesday of each month. The CMDI was first introduced through a New York Fed Staff Report<\/a> in January 2021, and a subsequent Liberty Street Economics blog post<\/a> in February 2021.<\/p>\n

The CMDI is a unified measure that identifies periods of dislocations and is associated with future realizations of other financial market conditions. By applying the CMDI to historical data, the index identifies past periods of market distress, such as those around the global financial crisis peaking in late 2008 and early 2009 as well as during COVID-19-related market stress in 2020. Additional periods since the beginning of 2022 were identified in a recent Liberty Street Economics blog post<\/a> in June 2022.<\/p><\/blockquote>\n

PerpetualDiscounts now yield 6.07%, equivalent to 7.89% interest at the standard equivalency factor of 1.3x. Long corporates<\/a> now yield 5.33%, so the pre-tax interest-equivalent spread (in this context, the \u201cSeniority Spread\u201d) has narrowed slightly (and perhaps spuriously) to 255bp from the 260bp reported June 22<\/a>.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
HIMIPref\u2122 Preferred Indices
\nThese values reflect the December 2008 revision of the HIMIPref\u2122 Indices<\/strong>
\nValues are provisional and are finalized monthly<\/td>\n<\/tr>\n
Index<\/td>\nMean
\nCurrent
\nYield
\n(at bid)<\/td>\n		Median
\nYTW<\/td>\n		Median
\nAverage
\nTrading<
\nbr>Value<\/td>\n		Median
\nMod Dur
\n(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>\n0.0
\n0<\/td>\n		0<\/td>\n2.0619 %<\/td>\n2,535.5<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n2.0619 %<\/td>\n4,863.1<\/td>\n<\/tr>\n
Floater<\/td>\n4.91 %<\/td>\n4.88 %<\/td>\n43,873<\/td>\n15.71<\/td>\n3<\/td>\n2.0619 %<\/td>\n2,802.6<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0129 %<\/td>\n3,463.3<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.91 %<\/td>\n5.62 %<\/td>\n44,842<\/td>\n3.19<\/td>\n8<\/td>\n-0.
\n0129 %<\/td>\n		4,135.9<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0129 %<\/td>\n3,227.0<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n6.14 %<\/td>\n6.20 %<\/td>\n78,333<\/td>\n13.51<\/td>\n2<\/td>\n-1.1012 %<\/td>\n2,813.5<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.99 %<\/td>\n6.07 %<\/td>\n61,918<\/td>\n13.79<\/td>\n34<\/td>\n0.2711 %<\/td>\n3,098.1<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n4.66 %<\/td>\n6.41 %<\/td>\n116,655<\/td>\n13.51<\/td>\n57<\/td>\n0.3124 %<\/td>\n2,506.0<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n6.03 %<\/td>\n6.08 %<\/td>\n88,190<\/td>\n13.83<\/td>\n19<\/td>\n0.5528 %<\/td>\n2
\n,984.4<\/td>\n<\/tr>\n
FloatingReset<\/td>\n5.79 %<\/td>\n6.01 %<\/td>\n45,356<\/td>\n13.88<\/td>\n2<\/td>\n1.1798 %<\/td>\n2,645.2<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.06 %<\/td>\n4.90 %<\/td>\n138,256<\/td>\n1.98<\/td>\n9<\/td>\n0.1055 %<\/td>\n2,605.6<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.3124 %<\/td>\n2,561.7<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n4.60 %<\/td>\n6.40 %<\/td>\n69,411<\/td>\n13.48<\/td>\n15<\/td>\n-0.
\n0865 %<\/td>\n		2,611.6<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

<
\ntd>Notes<\/p>\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>\n<\/tr>\n
GWO.PR.P<\/td>\nInsurance Straight<\/td>\n-2.70 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-29
\nMaturity Price : 21.38
\nEvaluated at bid price : 21.65
\nBid-YTW : 6.27 %<\/td>\n<\/tr>\n
TRP.PR.E<\/td>\nFixedReset Disc<\/td>\n-2.69 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-29
\nMaturity Price : 17.66
\nEvaluated at bid price : 17.66
\nBid-YTW : 7.52 %<\/td>\n<\/tr>\n
TRP.PR.D<\/td>\nFixedReset Disc<\/td>\n-2.64 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-29
\nMaturity Price : 18.06
\nEvaluated at bid price : 18.06
\nBid-YTW : 7.51 %<\/td>\n<\/tr>\n
MFC.PR.F<\/td>\nFixedReset Ins Non<\/td>\n-2.37 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-29
\nMaturity Price : 14.40
\nEvaluated at bid price : 14.40
\nBid-YTW : 7.10 %<\/td>\n<\/tr>\n
POW.PR.C<\/td>\nPerpetual-Premium<\/td>\n-2.09 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-29
\nMaturity Price : 23.14
\nEvaluated at bid price : 23.40
\nBid-YTW : 6.21 %<\/td>\n<\/tr>\n
SLF.PR.G<\/td>\nFixedReset Ins Non<\/td>\n-1.76 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-29
\nMaturity Price : 14.50
\nEvaluated at bid price : 14.50
\nBid-YTW : 7.10 %<\/td>\n<\/tr>\n
IFC.PR.A<\/td>\nFixedReset Ins Non<\/td>\n-1.70 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-29
\nMaturity Price : 19.11
\nEvaluated at bid price : 19.11
\nBid-YTW : 6.46 %<\/td>\n<\/tr>\n
PWF.PR.T<\/td>\nFixedReset Disc<\/td>\n-1.44 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-29
\nMaturity Price : 20.50
\nEvaluated at bid price : 20.50
\nBid-YTW : 6.76 %<\/td>\n<\/tr>\n
FTS.PR.G<\/td>\nFixedReset Disc<\/td>\n1.01 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-29
\nMaturity Price : 20.00
\nEvaluated at bid price : 20.00
\nBid-YTW : 6.71 %<\/td>\n<\/tr>\n
PWF.PR.Z<\/td>\nPerpetual-Discount<\/td>\n1.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-29
\nMaturity Price : 21.42
\nEvaluated at bid price : 21.42
\nBid-YTW : 6.13 %<\/td>\n<\/tr>\n
ELF.PR.F<\/td>\nPerpetual-Discount<\/td>\n1.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-29
\nMaturity Price : 21.75
\nEvaluated at bid price : 22.00
\nBid-YTW : 6.03 %<\/td>\n<\/tr>\n
MFC.PR.J<\/td>\nFixedReset Ins Non<\/td>\n1.07 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-29
\nMaturity Price : 22.90
\nEvaluated at bid price : 23.55
\nBid-YTW : 6.19 %<\/td>\n<\/tr>\n
CCS.PR.C<\/td>\nInsurance Straight<\/td>\n1.18 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-29
\nMaturity Price : 21.50
\nEvaluated at bid price : 21.50
\nBid-YTW : 5.85 %<\/td>\n<\/tr>\n
TD.PF.K<\/td>\nFixedReset Disc<\/td>\n1.28 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-29
\nMaturity Price : 23.24
\nEvaluated at bid price : 23.70
\nBid-YTW : 6.12 %<\/td>\n<\/tr>\n
NA.PR.S<\/td>\nFixedReset Disc<\/td>\n1.41 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-29
\nMaturity Price : 21.27
\nEvaluated at bid price : 21.55
\nBid-YTW : 6.40 %<\/td>\n<\/tr>\n
CU.PR.J<\/td>\nPerpetual-Discount<\/td>\n1.52 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-29
\nMaturity Price : 20.00
\nEvaluated at bid price : 20.00
\nBid-YTW : 6.01 %<\/td>\n<\/tr>\n
ELF.PR.H<\/td>\nPerpetual-Discount<\/td>\n1.56 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-29
\nMaturity Price : 23.00
\nEvaluated at bid price : 23.27
\nBid-YTW : 5.92 %<\/td>\n<\/tr>\n
POW.PR.D<\/td>\nPerpetual-Discount<\/td>\n1.71 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-29
\nMaturity Price : 20.85
\nEvaluated at bid price : 20.85
\nBid-YTW : 6.02 %<\/td>\n<\/tr>\n
FTS.PR.M<\/td>\nFixedReset Disc<\/td>\n1.75 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-29
\nMaturity Price : 20.35
\nEvaluated at bid price : 20.35
\nBid-YTW : 6.76 %<\/td>\n<\/tr>\n
IFC.PR.F<\/td>\nInsurance Straight<\/td>\n1.78 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-29
\nMaturity Price : 22.01
\nEvaluated at bid price : 22.30
\nBid-YTW : 5.97 %<\/td>\n<\/tr>\n
GWO.PR.T<\/td>\nInsurance Straight<\/td>\n1.85 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-29
\nMaturity Price : 21.45
\nEvaluated at bid price : 21.45
\nBid-YTW : 6.05 %<\/td>\n<\/tr>\n
BMO.PR.T<\/td>\nFixedReset Disc<\/td>\n1.95 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-29
\nMaturity Price : 20.90
\nEvaluated at bid price : 20.90
\nBid-YTW : 6.34 %<\/td>\n<\/tr>\n
RY.PR.O<\/td>\nPerpetual-Discount<\/td>\n1.96 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-29
\nMaturity Price : 23.04
\nEvaluated at bid price : 23.45
\nBid-YTW : 5.27 %<\/td>\n<\/tr>\n
GWO.PR.Y<\/td>\nInsurance Straight<\/td>\n2.15 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-29
\nMaturity Price : 18.50
\nEvaluated at bid price : 18.50
\nBid-YTW : 6.13 %<\/td>\n<\/tr>\n
IFC.PR.K<\/td>\nPerpetual-Discount<\/td>\n2.35 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-29
\nMaturity Price : 21.51
\nEvaluated at bid price : 21.81
\nBid-YTW : 6.04 %<\/td>\n<\/tr>\n
GWO.PR.R<\/td>\nInsurance Straight<\/td>\n2.47 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-29
\nMaturity Price : 19.52
\nEvaluated at bid price : 19.52
\nBid-YTW : 6.19 %<\/td>\n<\/tr>\n
BAM.PR.B<\/td>\nFloater<\/td>\n2.55 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-29
\nMaturity Price : 13.29
\nEvaluated at bid price : 13.29
\nBid-YTW : 4.88 %<\/td>\n<\/tr>\n
TRP.PR.F<\/td>\nFloatingReset<\/td>\n2.62 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-29
\nMaturity Price : 16.83
\nEvaluated at bid price : 16.83
\nBid-YTW : 6.01 %<\/td>\n<\/tr>\n
BAM.PR.K<\/td>\nFloater<\/td>\n3.50 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-29
\nMaturity Price : 13.29
\nEvaluated at bid price : 13.29
\nBid-YTW : 4.88 %<\/td>\n<\/tr>\n
RY.PR.J<\/td>\nFixedReset Disc<\/td>\n4.16 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-29
\nMaturity Price : 21.27
\nEvaluated at bid price : 21.55
\nBid-YTW : 6.41 %<\/td>\n<\/tr>\n
IFC.PR.C<\/td>\nFixedReset Disc<\/td>\n8.83 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-29
\nMaturity Price : 19.60
\nEvaluated at bid price : 19.60
\nBid-YTW : 6.73 %<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n
Volume Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nShares
\nTraded<\/td>\n		Notes<\/td>\n<\/tr>\n
RS.PR.A<\/td>\nSplitShare<\/td>\n49,385<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-12-31
\nMaturity Price : 10.00
\nEvaluated at bid price : 10.03
\nBid-YTW : 5.11 %<\/td>\n<\/tr>\n
TD.PF.J<\/td>\nFixedReset Disc<\/td>\n47,720<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-29
\nMaturity Price : 23.24
\nEvaluated at bid price : 23.85
\nBid-YTW : 6.25 %<\/td>\n<\/tr>\n
GWO.PR.M<\/td>\nInsurance Straight<\/td>\n45,745<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-29
\nMaturity Price : 22.98
\nEvaluated at bid price : 23.25
\nBid-YTW : 6.27 %<\/td>\n<\/tr>\n
IFC.PR.G<\/td>\nFixedReset Ins Non<\/td>\n37,800<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-29
\nMaturity Price : 21.98
\nEvaluated at bid price : 22.56
\nBid-YTW : 6.38 %<\/td>\n<\/tr>\n
BMO.PR.E<\/td>\nFixedReset Disc<\/td>\n31,550<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-29
\nMaturity Price : 23.57
\nEvaluated at bid price : 24.00
\nBid-YTW : 6.13 %<\/td>\n<\/tr>\n
PWF.PF.A<\/td>\nPerpetual-Discount<\/td>\n27,169<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-29
\nMaturity Price : 18.65
\nEvaluated at bid price : 18.65
\nBid-YTW : 6.15 %<\/td>\n<\/tr>\n
There were 8 other index-included issues trading in excess of 10,000 shares.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\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
BAM.PR.K<\/td>\nFloater<\/td>\nQuote: 13.29 – 15.31
\nSpot Rate : 2.0200
\nAverage : 1.3907
\n
\n
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-29
\nMaturity Price : 13.29
\nEvaluated at bid price : 13.29
\nBid-YTW : 4.88 %<\/empty><\/empty><\/td>\n<\/tr>\n
PWF.PR.T<\/td>\nFixedReset Disc<\/td>\nQuote: 20.50 – 22.25
\nSpot Rate : 1.7500
\nAverage : 1.1378
\n
\n
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-29
\nMaturity Price : 20.50
\nEvaluated at bid price : 20.50
\nBid-YTW : 6.76 %<\/empty><\/empty><\/td>\n<\/tr>\n
MFC.PR.L<\/td>\nFixedReset Ins Non<\/td>\nQuote: 18.75 – 24.35
\nSpot Rate : 5.6000
\nAverage : 5.0790
\n
\n
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-29
\nMaturity Price : 18.75
\nEvaluated at bid price : 18.75
\nBid-YTW : 6.99 %<\/empty><\/empty><\/td>\n<\/tr>\n
GWO.PR.P<\/td>\nInsurance Straight<\/td>\nQuote: 21.65 – 22.65
\nSpot Rate : 1.0000
\nAverage : 0.6891
\n
\n
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-29
\nMaturity Price : 21.38
\nEvaluated at bid price : 21.65
\nBid-YTW : 6.27 %<\/empty><\/empty><\/td>\n<\/tr>\n
RY.PR.O<\/td>\nPerpetual-Discount<\/td>\nQuote: 23.45 – 24.40
\nSpot Rate : 0.9500
\nAverage : 0.6495
\n
\n
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-29
\nMaturity Price : 23.04
\nEvaluated at bid price : 23.45
\nBid-YTW : 5.27 %<\/empty><\/empty><\/td>\n<\/tr>\n
CCS.PR.C<\/td>\nInsurance Straight<\/td>\nQuote: 21.50 – 24.25
\nSpot Rate : 2.7500
\nAverage : 2.4497
\n
\n
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-29
\nMaturity Price : 21.50
\nEvaluated at bid price : 21.50
\nBid-YTW : 5.85 %<\/empty><\/empty><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

An eMail from the New York Fed brought news of a new index: The Federal Reserve Bank of New York today announced the monthly publication of a first-of-its-kind research product focused on identifying periods of …<\/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-43717","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/43717","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=43717"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/43717\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=43717"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=43717"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=43717"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}