Q: Hi - in an answer to a question on Friday re BCE prefs - you referred to Benchmark 5 yr Gov bond yields of 1.75%. Here is what you said:
"The benchmark 5 year bond yield right now is 1.75% (from the BoC site), but yields are much lower now."
I read the latest benchmark 5 year yield as .80% - from the BOC website. Am I missing something. I am looking at rate reset prefs so would like to be clear on the benchmark for the reset.
Thanks
"The benchmark 5 year bond yield right now is 1.75% (from the BoC site), but yields are much lower now."
I read the latest benchmark 5 year yield as .80% - from the BOC website. Am I missing something. I am looking at rate reset prefs so would like to be clear on the benchmark for the reset.
Thanks