{"id":46019,"date":"2023-11-15T21:56:13","date_gmt":"2023-11-16T02:56:13","guid":{"rendered":"https:\/\/prefblog.com\/?p=46019"},"modified":"2023-11-15T21:56:13","modified_gmt":"2023-11-16T02:56:13","slug":"novembeer-15-2023","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=46019","title":{"rendered":"November 15, 2023"},"content":{"rendered":"

PerpetualDiscounts now yield 7.04%, equivalent to 9.15% interest at the standard equivalency factor of 1.3x. Long corporates<\/a> yielded 5.56% on 2023-11-10 and since then the closing price has changed from 14.20 to 14.40, an increase of 141bp in price, with a Duration (BMO doesn’t specify Modified or Macaulay – I will assume the former) of 12.03 implying a decrease of 12bp in yield to 5.44%, so the pre-tax interest-equivalent spread (in this context, the \u201cSeniority Spread\u201d) is has narrowed slightly (and perhaps spuriously) to 370bp from the 375bp reported November 8<\/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
\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>\n0.0000 %<\/td>\n2,040.7<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0000 %<\/td>\n3,914.1<\/td>\n<\/tr>\n
Floater<\/td>\n11.93 %<\/td>\n12.29 %<\/td>\n38,025<\/td>\n7.91<\/td>\n2<\/td>\n0.0000 %<\/td>\n2,255.7<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n1.0492 %<\/td>\n3,339.4<\/td>\n<\/tr>\n
SplitShare<\/td>\n5.03 %<\/td>\n8.13 %<\/td>\n45,519<\/td>\n1.83<\/td>\n8<\/td>\n1.0492 %<\/td>\n3,987.9<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n1.0492 %<\/td>\n3,111.5<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.5410 %<\/td>\n2,489.5<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n6.86 %<\/td>\n7.04 %<\/td>\n48,565<\/td>\n12.50<\/td>\n33<\/td>\n0.5410 %<\/td>\n2,714.7<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n6.04 %<\/td>\n8.81 %<\/td>\n114,423<\/td>\n11.00<\/td>\n55<\/td>\n0.3849 %<\/td>\n2,129.7<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n6.76 %<\/td>\n6.97 %<\/td>\n61,042<\/td>\n12.52<\/td>\n19<\/td>\n-0.2478 %<\/td>\n2,666.3<\/td>\n<\/tr>\n
FloatingReset<\/td>\n11.24 %<\/td>\n11.57 %<\/td>\n30,522<\/td>\n8.35<\/td>\n1<\/td>\n0.4844 %<\/td>\n2,335.4<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.3849 %<\/td>\n2,407.7<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.3849 %<\/td>\n2,177.0<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n6.02 %<\/td>\n8.53 %<\/td>\n85,988<\/td>\n11.34<\/td>\n14<\/td>\n0.0900 %<\/td>\n2,362.1<\/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
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
SLF.PR.E<\/td>\nInsurance Straight<\/td>\n-4.60 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-11-15
\nMaturity Price : 17.00
\nEvaluated at bid price : 17.00
\nBid-YTW : 6.74 %<\/td>\n<\/tr>\n
IFC.PR.F<\/td>\nInsurance Straight<\/td>\n-3.71 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-11-15
\nMaturity Price : 18.70
\nEvaluated at bid price : 18.70
\nBid-YTW : 7.22 %<\/td>\n<\/tr>\n
MFC.PR.C<\/td>\nInsurance Straight<\/td>\n-3.44 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-11-15
\nMaturity Price : 17.10
\nEvaluated at bid price : 17.10
\nBid-YTW : 6.71 %<\/td>\n<\/tr>\n
RY.PR.N<\/td>\nPerpetual-Discount<\/td>\n-2.91 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-11-15
\nMaturity Price : 20.00
\nEvaluated at bid price : 20.00
\nBid-YTW : 6.16 %<\/td>\n<\/tr>\n
MFC.PR.N<\/td>\nFixedReset Ins Non<\/td>\n-2.58 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-11-15
\nMaturity Price : 17.00
\nEvaluated at bid price : 17.00
\nBid-YTW : 9.02 %<\/td>\n<\/tr>\n
RY.PR.J<\/td>\nFixedReset Disc<\/td>\n-2.53 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-11-15
\nMaturity Price : 17.69
\nEvaluated at bid price : 17.69
\nBid-YTW : 9.00 %<\/td>\n<\/tr>\n
GWO.PR.N<\/td>\nFixedReset Ins Non<\/td>\n-1.52 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-11-15
\nMaturity Price : 12.31
\nEvaluated at bid price : 12.31
\nBid-YTW : 9.49 %<\/td>\n<\/tr>\n
NA.PR.E<\/td>\nFixedReset Disc<\/td>\n-1.31 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-11-15
\nMaturity Price : 20.33
\nEvaluated at bid price : 20.33
\nBid-YTW : 7.85 %<\/td>\n<\/tr>\n
PWF.PR.T<\/td>\nFixedReset Disc<\/td>\n-1.21 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-11-15
\nMaturity Price : 20.40
\nEvaluated at bid price : 20.40
\nBid-YTW : 7.87 %<\/td>\n<\/tr>\n
GWO.PR.Q<\/td>\nInsurance Straight<\/td>\n1.08 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-11-15
\nMaturity Price : 18.66
\nEvaluated at bid price : 18.66
\nBid-YTW : 7.03 %<\/td>\n<\/tr>\n
GWO.PR.Y<\/td>\nInsurance Straight<\/td>\n1.08 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-11-15
\nMaturity Price : 16.78
\nEvaluated at bid price : 16.78
\nBid-YTW : 6.83 %<\/td>\n<\/tr>\n
RY.PR.Z<\/td>\nFixedReset Disc<\/td>\n1.09 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-11-15
\nMaturity Price : 18.55
\nEvaluated at bid price : 18.55
\nBid-YTW : 8.31 %<\/td>\n<\/tr>\n
GWO.PR.G<\/td>\nInsurance Straight<\/td>\n1.12 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-11-15
\nMaturity Price : 18.88
\nEvaluated at bid price : 18.88
\nBid-YTW : 7.02 %<\/td>\n<\/tr>\n
BMO.PR.Y<\/td>\nFixedReset Disc<\/td>\n1.17 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-11-15
\nMaturity Price : 17.29
\nEvaluated at bid price : 17.29
\nBid-YTW : 9.03 %<\/td>\n<\/tr>\n
BN.PF.F<\/td>\nFixedReset Disc<\/td>\n1.17 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-11-15
\nMaturity Price : 15.56
\nEvaluated at bid price : 15.56
\nBid-YTW : 10.91 %<\/td>\n<\/tr>\n
PWF.PR.F<\/td>\nPerpetual-Discount<\/td>\n1.19 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-11-15
\nMaturity Price : 18.75
\nEvaluated at bid price : 18.75
\nBid-YTW : 7.08 %<\/td>\n<\/tr>\n
BN.PF.D<\/td>\nPerpetual-Discount<\/td>\n1.20 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-11-15
\nMaturity Price : 16.82
\nEvaluated at bid price : 16.82
\nBid-YTW : 7.43 %<\/td>\n<\/tr>\n
POW.PR.G<\/td>\nPerpetual-Discount<\/td>\n1.26 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-11-15
\nMaturity Price : 20.10
\nEvaluated at bid price : 20.10
\nBid-YTW : 7.07 %<\/td>\n<\/tr>\n
POW.PR.B<\/td>\nPerpetual-Discount<\/td>\n1.27 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-11-15
\nMaturity Price : 19.19
\nEvaluated at bid price : 19.19
\nBid-YTW : 7.08 %<\/td>\n<\/tr>\n
PVS.PR.I<\/td>\nSplitShare<\/td>\n1.28 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-10-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.75
\nBid-YTW : 8.11 %<\/td>\n<\/tr>\n
BN.PR.M<\/td>\nPerpetual-Discount<\/td>\n1.29 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-11-15
\nMaturity Price : 16.46
\nEvaluated at bid price : 16.46
\nBid-YTW : 7.36 %<\/td>\n<\/tr>\n
RY.PR.H<\/td>\nFixedReset Disc<\/td>\n1.35 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-11-15
\nMaturity Price : 18.00
\nEvaluated at bid price : 18.00
\nBid-YTW : 8.56 %<\/td>\n<\/tr>\n
BN.PF.C<\/td>\nPerpetual-Discount<\/td>\n1.41 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-11-15
\nMaturity Price : 16.60
\nEvaluated at bid price : 16.60
\nBid-YTW : 7.45 %<\/td>\n<\/tr>\n
BN.PR.Z<\/td>\nFixedReset Disc<\/td>\n1.42 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-11-15
\nMaturity Price : 17.15
\nEvaluated at bid price : 17.15
\nBid-YTW : 9.91 %<\/td>\n<\/tr>\n
PVS.PR.K<\/td>\nSplitShare<\/td>\n1.45 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2029-05-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 20.95
\nBid-YTW : 8.41 %<\/td>\n<\/tr>\n
GWO.PR.I<\/td>\nInsurance Straight<\/td>\n1.45 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-11-15
\nMaturity Price : 16.76
\nEvaluated at bid price : 16.76
\nBid-YTW : 6.84 %<\/td>\n<\/tr>\n
GWO.PR.P<\/td>\nInsurance Straight<\/td>\n1.56 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-11-15
\nMaturity Price : 19.50
\nEvaluated at bid price : 19.50
\nBid-YTW : 7.05 %<\/td>\n<\/tr>\n
MFC.PR.Q<\/td>\nFixedReset Ins Non<\/td>\n1.59 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-11-15
\nMaturity Price : 20.50
\nEvaluated at bid price : 20.50
\nBid-YTW : 7.90 %<\/td>\n<\/tr>\n
POW.PR.A<\/td>\nPerpetual-Discount<\/td>\n1.61 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-11-15
\nMaturity Price : 20.15
\nEvaluated at bid price : 20.15
\nBid-YTW : 7.05 %<\/td>\n<\/tr>\n
PVS.PR.G<\/td>\nSplitShare<\/td>\n1.68 %<\/td>\nYTW SCENARIO
\nMaturity Type : Option Certainty
\nMaturity Date\t: 2026-02-28
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.55
\nBid-YTW : 8.23 %<\/td>\n<\/tr>\n
PWF.PF.A<\/td>\nPerpetual-Discount<\/td>\n1.84 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-11-15
\nMaturity Price : 16.60
\nEvaluated at bid price : 16.60
\nBid-YTW : 6.86 %<\/td>\n<\/tr>\n
PVS.PR.J<\/td>\nSplitShare<\/td>\n1.87 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2028-02-29
\nMaturity Price : 25.00
\nEvaluated at bid price : 21.80
\nBid-YTW : 8.29 %<\/td>\n<\/tr>\n
PVS.PR.H<\/td>\nSplitShare<\/td>\n1.97 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2027-02-28
\nMaturity Price : 25.00
\nEvaluated at bid price : 22.75
\nBid-YTW : 8.24 %<\/td>\n<\/tr>\n
PWF.PR.G<\/td>\nPerpetual-Discount<\/td>\n2.30 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-11-15
\nMaturity Price : 21.38
\nEvaluated at bid price : 21.38
\nBid-YTW : 6.98 %<\/td>\n<\/tr>\n
BNS.PR.I<\/td>\nFixedReset Disc<\/td>\n2.47 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-11-15
\nMaturity Price : 22.15
\nEvaluated at bid price : 22.80
\nBid-YTW : 7.08 %<\/td>\n<\/tr>\n
POW.PR.D<\/td>\nPerpetual-Discount<\/td>\n3.16 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-11-15
\nMaturity Price : 18.58
\nEvaluated at bid price : 18.58
\nBid-YTW : 6.83 %<\/td>\n<\/tr>\n
BN.PF.G<\/td>\nFixedReset Disc<\/td>\n3.25 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-11-15
\nMaturity Price : 14.30
\nEvaluated at bid price : 14.30
\nBid-YTW : 11.24 %<\/td>\n<\/tr>\n
BN.PF.E<\/td>\nFixedReset Disc<\/td>\n5.68 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-11-15
\nMaturity Price : 13.95
\nEvaluated at bid price : 13.95
\nBid-YTW : 11.16 %<\/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
MFC.PR.B<\/td>\nInsurance Straight<\/td>\n43,388<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-11-15
\nMaturity Price : 18.32
\nEvaluated at bid price : 18.32
\nBid-YTW : 6.47 %<\/td>\n<\/tr>\n
MFC.PR.F<\/td>\nFixedReset Ins Non<\/td>\n41,400<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-11-15
\nMaturity Price : 13.08
\nEvaluated at bid price : 13.08
\nBid-YTW : 9.26 %<\/td>\n<\/tr>\n
PWF.PF.A<\/td>\nPerpetual-Discount<\/td>\n38,926<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-11-15
\nMaturity Price : 16.60
\nEvaluated at bid price : 16.60
\nBid-YTW : 6.86 %<\/td>\n<\/tr>\n
PWF.PR.S<\/td>\nPerpetual-Discount<\/td>\n36,341<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-11-15
\nMaturity Price : 17.25
\nEvaluated at bid price : 17.25
\nBid-YTW : 7.04 %<\/td>\n<\/tr>\n
GWO.PR.N<\/td>\nFixedReset Ins Non<\/td>\n30,300<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-11-15
\nMaturity Price : 12.31
\nEvaluated at bid price : 12.31
\nBid-YTW : 9.49 %<\/td>\n<\/tr>\n
BN.PF.H<\/td>\nFixedReset Disc<\/td>\n24,400<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-11-15
\nMaturity Price : 19.17
\nEvaluated at bid price : 19.17
\nBid-YTW : 10.01 %<\/td>\n<\/tr>\n
There were 11 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
POW.PR.B<\/td>\nPerpetual-Discount<\/td>\nQuote: 19.19 – 23.00
\nSpot Rate : 3.8100
\nAverage : 2.1535<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-11-15
\nMaturity Price : 19.19
\nEvaluated at bid price : 19.19
\nBid-YTW : 7.08 %<\/td>\n<\/tr>\n

MFC.PR.M<\/td>\nFixedReset Ins Non<\/td>\nQuote: 17.92 – 19.85
\nSpot Rate : 1.9300
\nAverage : 1.0628<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-11-15
\nMaturity Price : 17.92
\nEvaluated at bid price : 17.92
\nBid-YTW : 8.73 %<\/td>\n<\/tr>\n

SLF.PR.E<\/td>\nInsurance Straight<\/td>\nQuote: 17.00 – 18.15
\nSpot Rate : 1.1500
\nAverage : 0.7259<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-11-15
\nMaturity Price : 17.00
\nEvaluated at bid price : 17.00
\nBid-YTW : 6.74 %<\/td>\n<\/tr>\n

PWF.PR.Z<\/td>\nPerpetual-Discount<\/td>\nQuote: 18.50 – 19.60
\nSpot Rate : 1.1000
\nAverage : 0.6866<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-11-15
\nMaturity Price : 18.50
\nEvaluated at bid price : 18.50
\nBid-YTW : 7.04 %<\/td>\n<\/tr>\n

FTS.PR.G<\/td>\nFixedReset Disc<\/td>\nQuote: 19.38 – 20.40
\nSpot Rate : 1.0200
\nAverage : 0.6332<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-11-15
\nMaturity Price : 19.38
\nEvaluated at bid price : 19.38
\nBid-YTW : 8.10 %<\/td>\n<\/tr>\n

GWO.PR.Q<\/td>\nInsurance Straight<\/td>\nQuote: 18.66 – 19.48
\nSpot Rate : 0.8200
\nAverage : 0.5506<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-11-15
\nMaturity Price : 18.66
\nEvaluated at bid price : 18.66
\nBid-YTW : 7.03 %<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

PerpetualDiscounts now yield 7.04%, equivalent to 9.15% interest at the standard equivalency factor of 1.3x. Long corporates yielded 5.56% on 2023-11-10 and since then the closing price has changed from 14.20 to 14.40, an increase …<\/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-46019","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/46019","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=46019"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/46019\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=46019"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=46019"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=46019"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}