lawman
Thinks s/he gets paid by the post
This isn't a CD but just as safe. It is a new Corporate note from Canadian Imperial Bank of Commerce (CIBC) that is rated (A-/A2) with a duration of 42 months that you can find on Fidelity and other brokerages that will be issued 6/24/22 and matures 12/24/25 and pays semi-annually at a rate of 4.47%. The earliest call date is 12/24/23 and the next is 12/24/24. The CUSIP is 13607XA98.
Given how weak the markets are, I plan to wait for this one to hit the secondary market next week and bid below par value for a better yield.
On a positive note, it's encouraging to see that high grade bonds are being issued with higher coupons for those seeking income.
This helps me...Thanks...