TD.PF.B, a FixedReset 3.80%+227, NVCC-compliant, announced July 22 settled today. It will be tracked by HIMIPref™ and has been assigned to the FixedReset subindex.
The issue traded 1,287,892 shares today (consolidated tape) in a range of 24.99-08 before closing at 25.07-08, 118×17.
Vital statistics are:
| TD.PF.B |
FixedReset |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2044-07-31
Maturity Price : 23.18
Evaluated at bid price : 25.07
Bid-YTW : 3.63 % |
Implied Volatility indicates, as with BMO.PR.W, yesterday, the NVCC-compliant issues appear to be trading in-line with the non-compliant issues, at a very high Implied Volatility. Note that the two issues with the highest Issue Reset Spreads, TD.PR.I and TD.PR.K, were redeemed after the close.
Click for Big
This entry was posted on Thursday, July 31st, 2014 at 10:50 pm and is filed under Issue Comments. You can follow any responses to this entry through the RSS 2.0 feed.
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TD.PF.B Firm On Excellent Volume
TD.PF.B, a FixedReset 3.80%+227, NVCC-compliant, announced July 22 settled today. It will be tracked by HIMIPref™ and has been assigned to the FixedReset subindex.
The issue traded 1,287,892 shares today (consolidated tape) in a range of 24.99-08 before closing at 25.07-08, 118×17.
Vital statistics are:
Maturity Type : Limit Maturity
Maturity Date : 2044-07-31
Maturity Price : 23.18
Evaluated at bid price : 25.07
Bid-YTW : 3.63 %
Implied Volatility indicates, as with BMO.PR.W, yesterday, the NVCC-compliant issues appear to be trading in-line with the non-compliant issues, at a very high Implied Volatility. Note that the two issues with the highest Issue Reset Spreads, TD.PR.I and TD.PR.K, were redeemed after the close.
Click for Big
This entry was posted on Thursday, July 31st, 2014 at 10:50 pm and is filed under Issue Comments. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.