{"id":28185,"date":"2015-03-11T00:05:27","date_gmt":"2015-03-11T05:05:27","guid":{"rendered":"http:\/\/prefblog.com\/?p=28185"},"modified":"2015-03-11T00:05:27","modified_gmt":"2015-03-11T05:05:27","slug":"td-pf-d-soft-on-good-volume","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=28185","title":{"rendered":"TD.PF.D Soft On Good Volume"},"content":{"rendered":"<p>TD.PF.D is a FixedReset, 3.60%+279, <a href=\"http:\/\/prefblog.com\/?p=28009\">announced February 27<\/a>. It is NVCC-compliant and will be tracked by HIMIPref&trade; and has been assigned to the FixedReset subindex.<\/p>\n<p>The issue traded 1,077,395 shares today in a range of 24.795-96 before closing at 24.95-97. Vital statistics are:<\/p>\n<div align=\"center\">\n<table border=\"1\">\n<tr>\n<td>TD.PF.D<\/td>\n<td>FixedReset<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2045-03-10<br \/>\nMaturity Price  : 23.12<br \/>\nEvaluated at bid price : 24.95<br \/>\nBid-YTW : 3.57 %<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>The Implied Volatility calculation has some points of interest:<\/p>\n<div align=\"center\"><a href=\"http:\/\/prefblog.com\/wp-content\/uploads\/2015\/03\/impVol_TD_150310.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/prefblog.com\/wp-content\/uploads\/2015\/03\/impVol_TD_150310-300x246.jpg\" alt=\"impVol_TD_150310\" width=\"400\" height=\"328\" class=\"alignnone size-medium wp-image-28186\" \/><\/a><br \/><i>Click for Big<\/i><\/div>\n<p>Firstly, the market does not appear to be differentiated between the NVCC compliant and non-compliant issues, as the latter appear to be plotted on a line more or less defined by the former. Additionally, the Implied Volatility is very high \u2013 ridiculously high, for NVCC-compliant issues \u2013 so I would expect TD.PF.D to outperform the three other compliant issues (TD.PF.A, TD.PF.B and TD.PF.C) as the market comes to realize what the word \u201cperpetual\u201d means.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TD.PF.D is a FixedReset, 3.60%+279, announced February 27. It is NVCC-compliant and will be tracked by HIMIPref&trade; and has been assigned to the FixedReset subindex. The issue traded 1,077,395 shares today in a range of &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-28185","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/28185","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=28185"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/28185\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=28185"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=28185"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=28185"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}