{"id":44449,"date":"2022-12-01T21:03:12","date_gmt":"2022-12-02T02:03:12","guid":{"rendered":"https:\/\/prefblog.com\/?p=44449"},"modified":"2022-12-01T21:03:12","modified_gmt":"2022-12-02T02:03:12","slug":"december-1-2022","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=44449","title":{"rendered":"December 1, 2022"},"content":{"rendered":"

Amortization times for variable rate mortgages are increasing<\/a>:<\/p>\n

The growing proportion of mortgages with long amortizations gives an indication of the number of borrowers who could face significant hikes to monthly payments when they renew their loans. Currently, the bulk of variable-rate borrowers have fixed monthly payments and are not seeing their payment immediately spike with every Bank of Canada interest rate hike. But when they renew their mortgage, they will face a much higher monthly payment.<\/p>\n

At Royal Bank of Canada, Bank of Montreal and Canadian Imperial Bank of Commerce, the percentage of mortgages with an amortization of more than 30 years has grown to around 30 per cent as of the end of October, according to their quarterly results released this week. (RBC hit 27 per cent, BMO reached 31.3 per cent and CIBC was at 30 per cent.)<\/p>\n

That is a huge jump compared to October of last year, when the three banks had no mortgages with an amortization above 30 years, according to their financial disclosures.<\/p>\n

At the end of July, mortgages with terms of over 30 years accounted for one quarter of the three banks\u2019 residential mortgage portfolios. At the end of April, those loans made up 10.6 per cent of BMO\u2019s portfolio, and 12 per cent of mortgages at RBC and CIBC.<\/p>\n

Toronto-Dominion Bank\u2019s financial report disclosed that 28.9 per cent of its mortgages had terms over 30 years as of the end of October. Previously, TD has not disclosed amortization periods that have stretched beyond the mortgage\u2019s original contract. Its second and third quarter results showed the share of mortgages with their original amortizations, and only 1 per cent of its loans had terms greater than 30 years.<\/p><\/blockquote>\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
\nValue<\/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>\n0.00<\/td>\n0<\/td>\n-0.2019 %<\/td>\n2,374.7<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.2019 %<\/td>\n4,554.7<\/td>\n<\/tr>\n
Floater<\/td>\n8.43 %<\/td>\n8.60 %<\/td>\n39,114<\/td>\n10.65<\/td>\n2<\/td>\n-0.2019 %<\/td>\n2,624.9<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0681 %<\/td>\n3,285.2<\/td>\n<\/tr>\n
SplitShare<\/td>\n5.18 %<\/td>\n7.52 %<\/td>\n48,906<\/td>\n2.78<\/td>\n8<\/td>\n0.0681 %<\/td>\n3,923.2<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0681 %<\/td>\n3,061.1<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.2519 %<\/td>\n2,675.4<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n6.37 %<\/td>\n6.51 %<\/td>\n90,533<\/td>\n13.15<\/td>\n34<\/td>\n0.2519 %<\/td>\n2,917.4<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.42 %<\/td>\n7.44 %<\/td>\n91,404<\/td>\n12.26<\/td>\n63<\/td>\n0.2611 %<\/td>\n2,224.0<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n6.37 %<\/td>\n6.45 %<\/td>\n101,253<\/td>\n13.33<\/td>\n18<\/td>\n-0.7561 %<\/td>\n2,824.6<\/td>\n<\/tr>\n
FloatingReset<\/td>\n9.35 %<\/td>\n9.72 %<\/td>\n45,603<\/td>\n9.85<\/td>\n2<\/td>\n-0.3856 %<\/td>\n2,516.1<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n6.50 %<\/td>\n6.16 %<\/td>\n414,874<\/td>\n4.19<\/td>\n1<\/td>\n0.0784 %<\/td>\n2,376.1<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.2611 %<\/td>\n2,273.4<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.40 %<\/td>\n7.59 %<\/td>\n46,866<\/td>\n12.27<\/td>\n14<\/td>\n-0.0692 %<\/td>\n2,324.7<\/td>\n<\/tr>\n<\/tbody>\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\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.T<\/td>\nFixedReset Disc<\/td>\n-3.57 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-01
\nMaturity Price : 14.85
\nEvaluated at bid price : 14.85
\nBid-YTW : 8.55 %<\/td>\n<\/tr>\n
SLF.PR.H<\/td>\nFixedReset Ins Non<\/td>\n-3.15 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-01
\nMaturity Price : 15.35
\nEvaluated at bid price : 15.35
\nBid-YTW : 7.75 %<\/td>\n<\/tr>\n
BAM.PF.B<\/td>\nFixedReset Disc<\/td>\n-3.03 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-01
\nMaturity Price : 17.27
\nEvaluated at bid price : 17.27
\nBid-YTW : 8.41 %<\/td>\n<\/tr>\n
GWO.PR.H<\/td>\nInsurance Straight<\/td>\n-2.81 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-01
\nMaturity Price : 18.66
\nEvaluated at bid price : 18.66
\nBid-YTW : 6.51 %<\/td>\n<\/tr>\n
BAM.PF.G<\/td>\nFixedReset Disc<\/td>\n-2.72 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-01
\nMaturity Price : 15.75
\nEvaluated at bid price : 15.75
\nBid-YTW : 8.90 %<\/td>\n<\/tr>\n
MIC.PR.A<\/td>\nPerpetual-Discount<\/td>\n-2.08 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-01
\nMaturity Price : 18.36
\nEvaluated at bid price : 18.36
\nBid-YTW : 7.53 %<\/td>\n<\/tr>\n
TRP.PR.E<\/td>\nFixedReset Disc<\/td>\n-1.94 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-01
\nMaturity Price : 15.20
\nEvaluated at bid price : 15.20
\nBid-YTW : 8.86 %<\/td>\n<\/tr>\n
CU.PR.I<\/td>\nFixedReset Disc<\/td>\n-1.55 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2025-12-01
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.12
\nBid-YTW : 5.83 %<\/td>\n<\/tr>\n
BAM.PR.M<\/td>\nPerpetual-Discount<\/td>\n-1.55 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-01
\nMaturity Price : 19.05
\nEvaluated at bid price : 19.05
\nBid-YTW : 6.36 %<\/td>\n<\/tr>\n
PVS.PR.G<\/td>\nSplitShare<\/td>\n-1.50 %<\/td>\nYTW SCENARIO
\nMaturity Type : Option Certainty
\nMaturity Date\t: 2026-02-28
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.05
\nBid-YTW : 7.68 %<\/td>\n<\/tr>\n
BAM.PF.A<\/td>\nFixedReset Disc<\/td>\n-1.48 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-01
\nMaturity Price : 19.26
\nEvaluated at bid price : 19.26
\nBid-YTW : 8.04 %<\/td>\n<\/tr>\n
GWO.PR.I<\/td>\nInsurance Straight<\/td>\n-1.48 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-01
\nMaturity Price : 17.62
\nEvaluated at bid price : 17.62
\nBid-YTW : 6.40 %<\/td>\n<\/tr>\n
BAM.PF.H<\/td>\nFixedReset Disc<\/td>\n-1.19 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2025-12-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.11
\nBid-YTW : 6.65 %<\/td>\n<\/tr>\n
IAF.PR.I<\/td>\nFixedReset Ins Non<\/td>\n-1.14 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-01
\nMaturity Price : 21.60
\nEvaluated at bid price : 21.60
\nBid-YTW : 6.91 %<\/td>\n<\/tr>\n
MFC.PR.F<\/td>\nFixedReset Ins Non<\/td>\n-1.14 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-01
\nMaturity Price : 13.05
\nEvaluated at bid price : 13.05
\nBid-YTW : 7.82 %<\/td>\n<\/tr>\n
BAM.PF.J<\/td>\nFixedReset Disc<\/td>\n-1.03 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-01
\nMaturity Price : 22.77
\nEvaluated at bid price : 24.00
\nBid-YTW : 6.62 %<\/td>\n<\/tr>\n
PWF.PF.A<\/td>\nPerpetual-Discount<\/td>\n-1.01 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-01
\nMaturity Price : 17.57
\nEvaluated at bid price : 17.57
\nBid-YTW : 6.49 %<\/td>\n<\/tr>\n
BAM.PF.E<\/td>\nFixedReset Disc<\/td>\n1.01 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-01
\nMaturity Price : 16.00
\nEvaluated at bid price : 16.00
\nBid-YTW : 8.51 %<\/td>\n<\/tr>\n
CIU.PR.A<\/td>\nPerpetual-Discount<\/td>\n1.02 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-01
\nMaturity Price : 17.80
\nEvaluated at bid price : 17.80
\nBid-YTW : 6.51 %<\/td>\n<\/tr>\n
BIP.PR.F<\/td>\nFixedReset Disc<\/td>\n1.03 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-01
\nMaturity Price : 19.70
\nEvaluated at bid price : 19.70
\nBid-YTW : 7.72 %<\/td>\n<\/tr>\n
BAM.PR.X<\/td>\nFixedReset Disc<\/td>\n1.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-01
\nMaturity Price : 16.58
\nEvaluated at bid price : 16.58
\nBid-YTW : 7.53 %<\/td>\n<\/tr>\n
GWO.PR.P<\/td>\nInsurance Straight<\/td>\n1.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-01
\nMaturity Price : 20.80
\nEvaluated at bid price : 20.80
\nBid-YTW : 6.50 %<\/td>\n<\/tr>\n
CU.PR.F<\/td>\nPerpetual-Discount<\/td>\n1.13 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-01
\nMaturity Price : 17.95
\nEvaluated at bid price : 17.95
\nBid-YTW : 6.32 %<\/td>\n<\/tr>\n
CU.PR.H<\/td>\nPerpetual-Discount<\/td>\n1.19 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-01
\nMaturity Price : 20.36
\nEvaluated at bid price : 20.36
\nBid-YTW : 6.50 %<\/td>\n<\/tr>\n
FTS.PR.G<\/td>\nFixedReset Disc<\/td>\n1.23 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-01
\nMaturity Price : 17.26
\nEvaluated at bid price : 17.26
\nBid-YTW : 7.75 %<\/td>\n<\/tr>\n
TD.PF.C<\/td>\nFixedReset Disc<\/td>\n1.26 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-01
\nMaturity Price : 17.70
\nEvaluated at bid price : 17.70
\nBid-YTW : 7.49 %<\/td>\n<\/tr>\n
IFC.PR.G<\/td>\nFixedReset Ins Non<\/td>\n1.27 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-01
\nMaturity Price : 20.00
\nEvaluated at bid price : 20.00
\nBid-YTW : 7.32 %<\/td>\n<\/tr>\n
PWF.PR.K<\/td>\nPerpetual-Discount<\/td>\n1.27 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-01
\nMaturity Price : 19.17
\nEvaluated at bid price : 19.17
\nBid-YTW : 6.55 %<\/td>\n<\/tr>\n
RY.PR.O<\/td>\nPerpetual-Discount<\/td>\n1.35 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-01
\nMaturity Price : 21.80
\nEvaluated at bid price : 21.80
\nBid-YTW : 5.67 %<\/td>\n<\/tr>\n
RY.PR.Z<\/td>\nFixedReset Disc<\/td>\n1.38 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-01
\nMaturity Price : 17.66
\nEvaluated at bid price : 17.66
\nBid-YTW : 7.51 %<\/td>\n<\/tr>\n
BAM.PR.R<\/td>\nFixedReset Disc<\/td>\n1.40 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-01
\nMaturity Price : 14.50
\nEvaluated at bid price : 14.50
\nBid-YTW : 8.63 %<\/td>\n<\/tr>\n
BAM.PR.Z<\/td>\nFixedReset Disc<\/td>\n1.47 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-01
\nMaturity Price : 21.71
\nEvaluated at bid price : 22.10
\nBid-YTW : 7.08 %<\/td>\n<\/tr>\n
MFC.PR.J<\/td>\nFixedReset Ins Non<\/td>\n1.52 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-01
\nMaturity Price : 20.10
\nEvaluated at bid price : 20.10
\nBid-YTW : 7.27 %<\/td>\n<\/tr>\n
GWO.PR.M<\/td>\nInsurance Straight<\/td>\n1.53 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-01
\nMaturity Price : 22.15
\nEvaluated at bid price : 22.43
\nBid-YTW : 6.46 %<\/td>\n<\/tr>\n
PWF.PR.T<\/td>\nFixedReset Disc<\/td>\n1.65 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-01
\nMaturity Price : 18.45
\nEvaluated at bid price : 18.45
\nBid-YTW : 7.53 %<\/td>\n<\/tr>\n
TD.PF.E<\/td>\nFixedReset Disc<\/td>\n2.01 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-01
\nMaturity Price : 19.80
\nEvaluated at bid price : 19.80
\nBid-YTW : 7.07 %<\/td>\n<\/tr>\n
PVS.PR.K<\/td>\nSplitShare<\/td>\n2.08 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2029-05-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 21.60
\nBid-YTW : 7.13 %<\/td>\n<\/tr>\n
TRP.PR.D<\/td>\nFixedReset Disc<\/td>\n2.56 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-01
\nMaturity Price : 16.40
\nEvaluated at bid price : 16.40
\nBid-YTW : 8.39 %<\/td>\n<\/tr>\n
IFC.PR.I<\/td>\nPerpetual-Discount<\/td>\n3.33 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-01
\nMaturity Price : 21.69
\nEvaluated at bid price : 22.00
\nBid-YTW : 6.24 %<\/td>\n<\/tr>\n
BAM.PF.F<\/td>\nFixedReset Disc<\/td>\n3.87 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-01
\nMaturity Price : 18.00
\nEvaluated at bid price : 18.00
\nBid-YTW : 8.22 %<\/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
GWO.PR.I<\/td>\nInsurance Straight<\/td>\n165,295<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-01
\nMaturity Price : 17.62
\nEvaluated at bid price : 17.62
\nBid-YTW : 6.40 %<\/td>\n<\/tr>\n
GWO.PR.Y<\/td>\nInsurance Straight<\/td>\n150,027<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-01
\nMaturity Price : 17.65
\nEvaluated at bid price : 17.65
\nBid-YTW : 6.39 %<\/td>\n<\/tr>\n
BAM.PF.D<\/td>\nPerpetual-Discount<\/td>\n69,317<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-01
\nMaturity Price : 19.20
\nEvaluated at bid price : 19.20
\nBid-YTW : 6.51 %<\/td>\n<\/tr>\n
TRP.PR.G<\/td>\nFixedReset Disc<\/td>\n48,500<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-01
\nMaturity Price : 16.81
\nEvaluated at bid price : 16.81
\nBid-YTW : 8.27 %<\/td>\n<\/tr>\n
NA.PR.G<\/td>\nFixedReset Disc<\/td>\n45,575<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-01
\nMaturity Price : 20.77
\nEvaluated at bid price : 20.77
\nBid-YTW : 7.21 %<\/td>\n<\/tr>\n
RY.PR.Z<\/td>\nFixedReset Disc<\/td>\n43,930<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-01
\nMaturity Price : 17.66
\nEvaluated at bid price : 17.66
\nBid-YTW : 7.51 %<\/td>\n<\/tr>\n
There were 26 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
TRP.PR.E<\/td>\nFixedReset Disc<\/td>\nQuote: 15.20 – 19.40
\nSpot Rate : 4.2000
\nAverage : 2.7707<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-01
\nMaturity Price : 15.20
\nEvaluated at bid price : 15.20
\nBid-YTW : 8.86 %<\/td>\n<\/tr>\n

RY.PR.S<\/td>\nFixedReset Disc<\/td>\nQuote: 20.85 – 22.80
\nSpot Rate : 1.9500
\nAverage : 1.0870<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-01
\nMaturity Price : 20.85
\nEvaluated at bid price : 20.85
\nBid-YTW : 6.70 %<\/td>\n<\/tr>\n

CU.PR.E<\/td>\nPerpetual-Discount<\/td>\nQuote: 19.07 – 22.00
\nSpot Rate : 2.9300
\nAverage : 2.2718<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-01
\nMaturity Price : 19.07
\nEvaluated at bid price : 19.07
\nBid-YTW : 6.48 %<\/td>\n<\/tr>\n

BAM.PR.T<\/td>\nFixedReset Disc<\/td>\nQuote: 14.85 – 16.00
\nSpot Rate : 1.1500
\nAverage : 0.7376<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-01
\nMaturity Price : 14.85
\nEvaluated at bid price : 14.85
\nBid-YTW : 8.55 %<\/td>\n<\/tr>\n

PWF.PF.A<\/td>\nPerpetual-Discount<\/td>\nQuote: 17.57 – 18.65
\nSpot Rate : 1.0800
\nAverage : 0.6884<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-01
\nMaturity Price : 17.57
\nEvaluated at bid price : 17.57
\nBid-YTW : 6.49 %<\/td>\n<\/tr>\n

GWO.PR.M<\/td>\nInsurance Straight<\/td>\nQuote: 22.43 – 23.60
\nSpot Rate : 1.1700
\nAverage : 0.8090<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-01
\nMaturity Price : 22.15
\nEvaluated at bid price : 22.43
\nBid-YTW : 6.46 %<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Amortization times for variable rate mortgages are increasing: The growing proportion of mortgages with long amortizations gives an indication of the number of borrowers who could face significant hikes to monthly payments when they renew …<\/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-44449","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/44449","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=44449"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/44449\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=44449"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=44449"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=44449"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}