PhotoAviation61
Dryer sheet wannabe
- Joined
- Jun 15, 2023
- Messages
- 22
New issue on FIDO.
DEUTSCHE BK AG NOTE
6.00000% 02/28/2039
25161FRA8
First call 2/28/26
DEUTSCHE BK AG NOTE
6.00000% 02/28/2039
25161FRA8
First call 2/28/26
I have four FHLB bonds that have possible calls this coming week. One will definitely not be called. It pays 5.1% interest and is maturing in 6 months. The other three are more interesting:
FHLB 6.55% maturing 10/25/2033 (continuously callable after 4/25/24)
FHLB 6.00% maturing 01/26/2044 (callable every 3 months starting 4/26/24)
FHLB 6.50% maturing 03/25/2044 (callable monthly starting 4/25/24)
It is unclear whether I will get a call notice for these because of my experience with another longer-term FHLB bond. I have one maturing 9/1/2033 paying 6.4% that has been continuously callable since 3/1/24 and has yet to be called. If they aren't calling that one, then I'm not sure why they would call the 3 referenced above. If they get called, however, I am totally fine with that as new callable FHLB bonds of 10 and 20 year durations are still paying 6%-6.5% and I'll simply reload.
I'm perfectly fine holding all of these for as long as possible. I'll follow up in a few days as I will know by Monday whether they will be called as all of them require 5 days notice.
All of the above FHLB bonds survived the call date so I still own them and am happily still collecting 6%+ coupons.I have four FHLB bonds that have possible calls this coming week. One will definitely not be called. It pays 5.1% interest and is maturing in 6 months. The other three are more interesting:
FHLB 6.55% maturing 10/25/2033 (continuously callable after 4/25/24)
FHLB 6.00% maturing 01/26/2044 (callable every 3 months starting 4/26/24)
FHLB 6.50% maturing 03/25/2044 (callable monthly starting 4/25/24)
It is unclear whether I will get a call notice for these because of my experience with another longer-term FHLB bond. I have one maturing 9/1/2033 paying 6.4% that has been continuously callable since 3/1/24 and has yet to be called. If they aren't calling that one, then I'm not sure why they would call the 3 referenced above. If they get called, however, I am totally fine with that as new callable FHLB bonds of 10 and 20 year durations are still paying 6%-6.5% and I'll simply reload.
I'm perfectly fine holding all of these for as long as possible. I'll follow up in a few days as I will know by Monday whether they will be called as all of them require 5 days notice.
And I just replaced it with CUSIP 3130B13S4, FHLB 6.5% bond maturing 05/09/2044 callable quarterly starting 08/09/2024. And if that gets called I'll just replace it with another one. Lather, rinse, repeat.I got a call notice this morning for my FHLB 6.9% bond maturing 11/06/2043. I'm not surprised, but at least now I know the call threshold (for now) is somewhere between 6.6% and 6.9% for those long term (10-20 year) callables. No big deal. I'll simply deploy into another FHLB long-term callable this week which will probably pay 6.4%-6.5%.