Q: With interest rates going down everywhere is there a reason that PSA can sustain the 4.74%? Thanks, James
5i Research Answer:
We show indicated yield lower, at 4.37%. The monthly payment does change, and did tick up (16.7c to 18.2c) for the month of November. Even with the Bank of Canada lowering rates, 'market' yields have risen recently, and this reflects that. But if market yields start to decline it will ultimately be reflected in lower yields from PSA.