AMORTIZABLE BOND PREMIUM
It is a term in taxation that refers to the excess of the premium paid above and over the bond’s face value. The premium could be deductible tax and amortized on a pro-rata basis over the bond’s life depending on the bond’s type.
When the bond’s price increases in the secondary market because of the market interest rates’ drop, bond premiums occur.
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 02:00 | MI Inflation Gauge | Dec | |
| 02:30 | Retail Sales | Nov | |
| 03:30 | CPI | Dec | |
| 03:30 | PPI | Dec | |
| 11:30 | Sentix Investor Confidence | Jan | |
| 15:15 | Housing Starts | Dec | |
| 16:00 | MPC Member Silvana Tenreyro Speaks | ||
| 17:30 | Overview of business prospects, according to the Bank of Canada | 4 quarter | |
| 17:30 | Bank of Canada Interest Rate Decision | 4 quarter |
