{"id":47026,"date":"2024-07-03T20:08:10","date_gmt":"2024-07-04T01:08:10","guid":{"rendered":"https:\/\/prefblog.com\/?p=47026"},"modified":"2024-07-03T20:08:10","modified_gmt":"2024-07-04T01:08:10","slug":"july-3-2024","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=47026","title":{"rendered":"July 3, 2024"},"content":{"rendered":"

PerpetualDiscounts now yield 6.59%, equivalent to 8.57% interest at the standard equivalency factor of 1.3x. Long corporates<\/a> yielded 4.97% on 2024-6-24 and since then the closing price of ZLC has changed from 15.21 to 14.79, a decrease of 276bp in price, implying an increase of yields of 22bp (BMO reports a duration of 12.39, but don’t disclose whether this is Macaulay or Modified; I will assume Modified) to 5.19%. Therefore, the pre-tax interest-equivalent spread (in this context, the \u201cSeniority Spread\u201d) has declined sharply to 340bp from the 370bp reported June 26<\/a>.<\/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>\n0.5348 %<\/td>\n2,151.3<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.5348 %<\/td>\n4,126.2<\/td>\n<\/tr>\n
Floater<\/td>\n10.78 %<\/td>\n10.86 %<\/td>\n28,052<\/td>\n8.93<\/td>\n2<\/td>\n0.5348 %<\/td>\n2,377.9<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1866 %<\/td>\n3,475.2<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.81 %<\/td>\n6.57 %<\/td>\n31,627<\/td>\n1.27<\/td>\n6<\/td>\n0.1866 %<\/td>\n4,150.1<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1866 %<\/td>\n3,238.1<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.4841 %<\/td>\n2,683.3<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n6.41 %<\/td>\n6.59 %<\/td>\n53,382<\/td>\n13.04<\/td>\n28<\/td>\n0.4841 %<\/td>\n2,926.0<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.16 %<\/td>\n7.31 %<\/td>\n115,693<\/td>\n12.22<\/td>\n49<\/td>\n0.7383 %<\/td>\n2,618.8<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n6.20 %<\/td>\n6.47 %<\/td>\n58,491<\/td>\n13.27<\/td>\n21<\/td>\n0.0690 %<\/td>\n2,880.3<\/td>\n<\/tr>\n
FloatingReset<\/td>\n9.36 %<\/td>\n9.17 %<\/td>\n35,339<\/td>\n10.28<\/td>\n4<\/td>\n0.3643 %<\/td>\n2,758.8<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.80 %<\/td>\n6.29 %<\/td>\n248,131<\/td>\n3.01<\/td>\n8<\/td>\n0.1085 %<\/td>\n2,545.0<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.7383 %<\/td>\n2,676.9<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.14 %<\/td>\n6.95 %<\/td>\n96,821<\/td>\n12.96<\/td>\n14<\/td>\n2.5253 %<\/td>\n2,766.8<\/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\n\n\n\n\n\n
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
MFC.PR.J<\/td>\nFixedReset Ins Non<\/td>\n-4.68 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-03
\nMaturity Price : 21.99
\nEvaluated at bid price : 22.40
\nBid-YTW : 7.00 %<\/td>\n<\/tr>\n
IFC.PR.C<\/td>\nFixedReset Ins Non<\/td>\n-2.68 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-03
\nMaturity Price : 20.00
\nEvaluated at bid price : 20.00
\nBid-YTW : 7.33 %<\/td>\n<\/tr>\n
SLF.PR.J<\/td>\nFloatingReset<\/td>\n-1.81 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-03
\nMaturity Price : 17.40
\nEvaluated at bid price : 17.40
\nBid-YTW : 8.92 %<\/td>\n<\/tr>\n
IFC.PR.F<\/td>\nInsurance Straight<\/td>\n-1.81 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-03
\nMaturity Price : 21.21
\nEvaluated at bid price : 21.21
\nBid-YTW : 6.30 %<\/td>\n<\/tr>\n
PWF.PR.R<\/td>\nPerpetual-Discount<\/td>\n-1.75 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-03
\nMaturity Price : 20.78
\nEvaluated at bid price : 20.78
\nBid-YTW : 6.76 %<\/td>\n<\/tr>\n
GWO.PR.I<\/td>\nInsurance Straight<\/td>\n-1.73 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-03
\nMaturity Price : 17.60
\nEvaluated at bid price : 17.60
\nBid-YTW : 6.45 %<\/td>\n<\/tr>\n
GWO.PR.Y<\/td>\nInsurance Straight<\/td>\n-1.46 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-03
\nMaturity Price : 17.50
\nEvaluated at bid price : 17.50
\nBid-YTW : 6.48 %<\/td>\n<\/tr>\n
BN.PF.E<\/td>\nFixedReset Disc<\/td>\n-1.34 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-03
\nMaturity Price : 18.40
\nEvaluated at bid price : 18.40
\nBid-YTW : 8.26 %<\/td>\n<\/tr>\n
PWF.PR.Z<\/td>\nPerpetual-Discount<\/td>\n-1.20 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-03
\nMaturity Price : 19.76
\nEvaluated at bid price : 19.76
\nBid-YTW : 6.66 %<\/td>\n<\/tr>\n
BN.PR.M<\/td>\nPerpetual-Discount<\/td>\n1.13 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-03
\nMaturity Price : 17.95
\nEvaluated at bid price : 17.95
\nBid-YTW : 6.67 %<\/td>\n<\/tr>\n
NA.PR.S<\/td>\nFixedReset Disc<\/td>\n1.14 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-03
\nMaturity Price : 22.81
\nEvaluated at bid price : 24.05
\nBid-YTW : 6.38 %<\/td>\n<\/tr>\n
FFH.PR.D<\/td>\nFloatingReset<\/td>\n1.16 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-03
\nMaturity Price : 21.75
\nEvaluated at bid price : 21.75
\nBid-YTW : 9.17 %<\/td>\n<\/tr>\n
MFC.PR.F<\/td>\nFixedReset Ins Non<\/td>\n1.20 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-03
\nMaturity Price : 16.81
\nEvaluated at bid price : 16.81
\nBid-YTW : 6.99 %<\/td>\n<\/tr>\n
BN.PF.D<\/td>\nPerpetual-Discount<\/td>\n1.25 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-03
\nMaturity Price : 17.87
\nEvaluated at bid price : 17.87
\nBid-YTW : 6.92 %<\/td>\n<\/tr>\n
RY.PR.O<\/td>\nPerpetual-Discount<\/td>\n1.28 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-03
\nMaturity Price : 23.52
\nEvaluated at bid price : 23.80
\nBid-YTW : 5.20 %<\/td>\n<\/tr>\n
PWF.PR.K<\/td>\nPerpetual-Discount<\/td>\n1.32 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-03
\nMaturity Price : 19.25
\nEvaluated at bid price : 19.25
\nBid-YTW : 6.57 %<\/td>\n<\/tr>\n
CM.PR.P<\/td>\nFixedReset Disc<\/td>\n1.32 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-03
\nMaturity Price : 23.09
\nEvaluated at bid price : 23.82
\nBid-YTW : 6.07 %<\/td>\n<\/tr>\n
IFC.PR.G<\/td>\nFixedReset Ins Non<\/td>\n1.43 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-03
\nMaturity Price : 22.11
\nEvaluated at bid price : 22.62
\nBid-YTW : 6.82 %<\/td>\n<\/tr>\n
TD.PF.J<\/td>\nFixedReset Disc<\/td>\n1.44 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-03
\nMaturity Price : 23.12
\nEvaluated at bid price : 24.60
\nBid-YTW : 6.34 %<\/td>\n<\/tr>\n
FFH.PR.I<\/td>\nFixedReset Disc<\/td>\n1.47 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-03
\nMaturity Price : 18.67
\nEvaluated at bid price : 18.67
\nBid-YTW : 8.24 %<\/td>\n<\/tr>\n
BN.PR.K<\/td>\nFloater<\/td>\n1.52 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-03
\nMaturity Price : 11.36
\nEvaluated at bid price : 11.36
\nBid-YTW : 10.86 %<\/td>\n<\/tr>\n
MFC.PR.L<\/td>\nFixedReset Ins Non<\/td>\n1.57 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-03
\nMaturity Price : 21.60
\nEvaluated at bid price : 21.94
\nBid-YTW : 6.65 %<\/td>\n<\/tr>\n
GWO.PR.N<\/td>\nFixedReset Ins Non<\/td>\n1.62 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-03
\nMaturity Price : 14.44
\nEvaluated at bid price : 14.44
\nBid-YTW : 7.94 %<\/td>\n<\/tr>\n
FFH.PR.H<\/td>\nFloatingReset<\/td>\n1.63 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-03
\nMaturity Price : 18.65
\nEvaluated at bid price : 18.65
\nBid-YTW : 9.90 %<\/td>\n<\/tr>\n
IFC.PR.E<\/td>\nInsurance Straight<\/td>\n1.89 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-03
\nMaturity Price : 20.99
\nEvaluated at bid price : 20.99
\nBid-YTW : 6.24 %<\/td>\n<\/tr>\n
BN.PF.H<\/td>\nFixedReset Disc<\/td>\n1.90 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2025-12-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.15
\nBid-YTW : 7.51 %<\/td>\n<\/tr>\n
BIP.PR.A<\/td>\nFixedReset Disc<\/td>\n1.99 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-03
\nMaturity Price : 21.64
\nEvaluated at bid price : 22.05
\nBid-YTW : 7.92 %<\/td>\n<\/tr>\n
POW.PR.B<\/td>\nPerpetual-Discount<\/td>\n2.20 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-03
\nMaturity Price : 20.44
\nEvaluated at bid price : 20.44
\nBid-YTW : 6.58 %<\/td>\n<\/tr>\n
SLF.PR.E<\/td>\nInsurance Straight<\/td>\n2.25 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-03
\nMaturity Price : 19.10
\nEvaluated at bid price : 19.10
\nBid-YTW : 5.94 %<\/td>\n<\/tr>\n
BN.PR.R<\/td>\nFixedReset Disc<\/td>\n2.81 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-03
\nMaturity Price : 16.45
\nEvaluated at bid price : 16.45
\nBid-YTW : 8.42 %<\/td>\n<\/tr>\n
BN.PR.Z<\/td>\nFixedReset Disc<\/td>\n3.23 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-03
\nMaturity Price : 20.80
\nEvaluated at bid price : 20.80
\nBid-YTW : 7.84 %<\/td>\n<\/tr>\n
POW.PR.G<\/td>\nPerpetual-Discount<\/td>\n3.45 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-03
\nMaturity Price : 21.31
\nEvaluated at bid price : 21.31
\nBid-YTW : 6.61 %<\/td>\n<\/tr>\n
TD.PF.D<\/td>\nFixedReset Disc<\/td>\n4.35 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-03
\nMaturity Price : 23.48
\nEvaluated at bid price : 24.00
\nBid-YTW : 6.50 %<\/td>\n<\/tr>\n
IFC.PR.A<\/td>\nFixedReset Ins Non<\/td>\n5.90 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-03
\nMaturity Price : 18.66
\nEvaluated at bid price : 18.66
\nBid-YTW : 7.06 %<\/td>\n<\/tr>\n
BN.PF.J<\/td>\nFixedReset Disc<\/td>\n5.99 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-03
\nMaturity Price : 22.39
\nEvaluated at bid price : 23.00
\nBid-YTW : 7.22 %<\/td>\n<\/tr>\n
PWF.PR.P<\/td>\nFixedReset Disc<\/td>\n6.53 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-03
\nMaturity Price : 15.00
\nEvaluated at bid price : 15.00
\nBid-YTW : 8.15 %<\/td>\n<\/tr>\n
MFC.PR.N<\/td>\nFixedReset Ins Non<\/td>\n7.14 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-03
\nMaturity Price : 21.16
\nEvaluated at bid price : 21.16
\nBid-YTW : 6.93 %<\/td>\n<\/tr>\n
MFC.PR.M<\/td>\nFixedReset Ins Non<\/td>\n28.97 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-03
\nMaturity Price : 21.50
\nEvaluated at bid price : 21.50
\nBid-YTW : 6.95 %<\/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.O<\/td>\nFixedReset Disc<\/td>\n108,000<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-03
\nMaturity Price : 23.98
\nEvaluated at bid price : 24.90
\nBid-YTW : 5.94 %<\/td>\n<\/tr>\n
TD.PF.I<\/td>\nFixedReset Prem<\/td>\n51,926<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2027-10-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.70
\nBid-YTW : 5.25 %<\/td>\n<\/tr>\n
POW.PR.D<\/td>\nPerpetual-Discount<\/td>\n37,750<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-03
\nMaturity Price : 19.21
\nEvaluated at bid price : 19.21
\nBid-YTW : 6.54 %<\/td>\n<\/tr>\n
CM.PR.Y<\/td>\nFixedReset Disc<\/td>\n24,200<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2024-08-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.92
\nBid-YTW : 6.22 %<\/td>\n<\/tr>\n
BN.PR.B<\/td>\nFloater<\/td>\n16,851<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-03
\nMaturity Price : 11.20
\nEvaluated at bid price : 11.20
\nBid-YTW : 11.01 %<\/td>\n<\/tr>\n
FTS.PR.G<\/td>\nFixedReset Disc<\/td>\n15,403<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-03
\nMaturity Price : 21.30
\nEvaluated at bid price : 21.30
\nBid-YTW : 6.99 %<\/td>\n<\/tr>\n
There were 5 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.J<\/td>\nFixedReset Ins Non<\/td>\nQuote: 22.40 – 23.90
\nSpot Rate : 1.5000
\nAverage : 1.0731<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-03
\nMaturity Price : 21.99
\nEvaluated at bid price : 22.40
\nBid-YTW : 7.00 %<\/td>\n<\/tr>\n

SLF.PR.H<\/td>\nFixedReset Ins Non<\/td>\nQuote: 19.25 – 21.25
\nSpot Rate : 2.0000
\nAverage : 1.5792<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-03
\nMaturity Price : 19.25
\nEvaluated at bid price : 19.25
\nBid-YTW : 6.99 %<\/td>\n<\/tr>\n

MFC.PR.F<\/td>\nFixedReset Ins Non<\/td>\nQuote: 16.81 – 18.00
\nSpot Rate : 1.1900
\nAverage : 0.8555<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-03
\nMaturity Price : 16.81
\nEvaluated at bid price : 16.81
\nBid-YTW : 6.99 %<\/td>\n<\/tr>\n

BN.PR.T<\/td>\nFixedReset Disc<\/td>\nQuote: 16.25 – 17.06
\nSpot Rate : 0.8100
\nAverage : 0.6463<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-03
\nMaturity Price : 16.25
\nEvaluated at bid price : 16.25
\nBid-YTW : 8.51 %<\/td>\n<\/tr>\n

MFC.PR.B<\/td>\nInsurance Straight<\/td>\nQuote: 19.12 – 19.80
\nSpot Rate : 0.6800
\nAverage : 0.5350<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-03
\nMaturity Price : 19.12
\nEvaluated at bid price : 19.12
\nBid-YTW : 6.14 %<\/td>\n<\/tr>\n

BN.PR.K<\/td>\nFloater<\/td>\nQuote: 11.36 – 11.76
\nSpot Rate : 0.4000
\nAverage : 0.2607<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-03
\nMaturity Price : 11.36
\nEvaluated at bid price : 11.36
\nBid-YTW : 10.86 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

PerpetualDiscounts now yield 6.59%, equivalent to 8.57% interest at the standard equivalency factor of 1.3x. Long corporates yielded 4.97% on 2024-6-24 and since then the closing price of ZLC has changed from 15.21 to 14.79, …<\/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-47026","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/47026","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=47026"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/47026\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47026"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47026"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47026"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}