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Interesting
Old 05-23-2006, 03:48 PM   #1
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Interesting

Remember ISM? I noted that it was very odd that it traded a lot lower than OSM, which was basically the same thing. Well, now the prices have equilibrated, and OSM and ISM have about the same yield. This happened mostly via OSM dropping, although ISM rose a bit, too. So the yield is about the same (a touch over 3% above CPI). If you like this structure (monthly CPI plus 2 or 2.05% coupons), buy whichever one is cheaper, since they now yield about the same.
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Re: Interesting
Old 05-23-2006, 04:28 PM   #2
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Re: Interesting

where can I find the total yield on these? I plugged quotes into Fido site but it didn't reveal the yield.
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Re: Interesting
Old 05-24-2006, 06:58 AM   #3
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Re: Interesting

Dunno how to show you unless you have access to a Bloomberg terminal. Anyone else?
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Re: Interesting
Old 05-24-2006, 09:45 AM   #4
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Re: Interesting

Quote:
Originally Posted by Tony Tampa
where can I find the total yield on these? I plugged quotes into Fido site but it didn't reveal the yield.
Yeah, the Bloomberg is easiest but if you don't you can plug the symbol into Bigcharts. It's showing a yield on ISM of 6.26%. Their yield figures can be a little off sometimes.

Also, you can go to your brokers website and put in an order, it should show you the current yield, YTM, etc before you place the trade. Then you can just cancel it out.

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Re: Interesting
Old 05-24-2006, 09:57 AM   #5
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Re: Interesting

Hmmm, when I go to the bloomberg yield analysis, I get a YTM of 6.56%, or about 3.06% over the relevant CPI rate.
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Re: Interesting
Old 05-24-2006, 10:22 AM   #6
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Re: Interesting

Quote:
Originally Posted by brewer12345
Hmmm, when I go to the bloomberg yield analysis, I get a YTM of 6.56%, or about 3.06% over the relevant CPI rate.
yep, just like I said. I didn't look it up on my terminal, but like I said Bigcharts is always a little off.

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Re: Interesting
Old 05-24-2006, 11:07 AM   #7
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Re: Interesting

Get load of the spread on ISM today 22.71-23.17. You give up 2% getting in!

Ha
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Re: Interesting
Old 05-24-2006, 11:14 AM   #8
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Re: Interesting

Only if you hit the ask...
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Re: Interesting
Old 05-24-2006, 11:25 AM   #9
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Re: Interesting

Fido now shows a yield of 6.25 for OSM.
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Re: Interesting
Old 05-24-2006, 11:36 AM   #10
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Re: Interesting

Quote:
Originally Posted by HaHa
Get load of the spread on ISM today 22.71-23.17. You give up 2% getting in!

Ha
Yeah, welcome to the wonderful world of bond trading for small investors.
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