{"id":25468,"date":"2014-06-04T22:43:31","date_gmt":"2014-06-05T03:43:31","guid":{"rendered":"http:\/\/prefblog.com\/?p=25468"},"modified":"2014-06-04T22:43:31","modified_gmt":"2014-06-05T03:43:31","slug":"td-pf-a-firm-on-excellent-volume","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=25468","title":{"rendered":"TD.PF.A Firm On Excellent Volume"},"content":{"rendered":"<p>TD.PF.A, a FixedReset, 3.90%+224, NVCC-compliant issue <a href=\"http:\/\/prefblog.com\/?p=25348\">announced May 26<\/a> settled today. It will be tracked by HIMIPref&trade; and has been assigned to the FixedReset subindex. It is <a href=\"http:\/\/dbrs.com\/research\/268587\/dbrs-assigns-final-rating-to-td-s-non-viability-contingent-capital-preferred-shares-of-pfd-2-stable.html\">rated Pfd-2 [Stable] by DBRS<\/a>.<\/p>\n<p>The issue traded 1,167,517 shares today in a range of 24.85-95 before closing at 24.94-95, 125&#215;476. Vital statistics are:<\/p>\n<div align=\"center\">\n<table border=\"1\">\n<tr>\n<td>TD.PF.A<\/td>\n<td>FixedReset<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2044-06-04<br \/>\nMaturity Price  : 23.12<br \/>\nEvaluated at bid price : 24.94<br \/>\nBid-YTW : 3.72 %<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>TD.PF.A appears to be cheap according to Implied Volatility Theory relative to its lower-reset cousins, TD.PR.S and TD.PR.Y, but it must be remembered that the two comparators are not NVCC compliant.<\/p>\n<div align=\"center\"><a href=\"http:\/\/prefblog.com\/wp-content\/uploads\/2014\/06\/ImpVol_TDFR_140604.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/prefblog.com\/wp-content\/uploads\/2014\/06\/ImpVol_TDFR_140604-300x246.jpg\" alt=\"ImpVol_TDFR_140604\" width=\"400\" height=\"328\" class=\"alignnone size-medium wp-image-25469\" \/><\/a><br \/><i>Click for Big<\/i>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>TD.PF.A, a FixedReset, 3.90%+224, NVCC-compliant issue announced May 26 settled today. It will be tracked by HIMIPref&trade; and has been assigned to the FixedReset subindex. It is rated Pfd-2 [Stable] by DBRS. The issue traded &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-25468","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/25468","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25468"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/25468\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25468"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25468"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25468"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}