June 19, 2024 13:05 GMT
CIBC Flag Little Movement In FTSE Bond Index Duration At Month End
CANADA
CIBC note that “duration of the FTSE Canada Universe Bond Index will remain basically unchanged (-0.002 years) on July 2nd with ~C$2.5bln of bonds rolling out of the index.”
- “Similarly, duration changes in the short (-0.005 years), mid (-0.012 years), and long (+0.005 years) segments are also expected to be immaterial.”
- “Approximately C$372mm of coupon payments will be paid out during June 29th to July 2nd.”
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