brewer12345
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Mar 6, 2003
- Messages
- 18,085
Looks like OSM is now at a lower price and slightly higher yield than ISM now. And PFK isn't far behind, yield-wise...
wab said:
youbet said:And when you go to that page....... you'll find it's been updated as of this morning. Crunching the numbers shows that the May 15 through June 14 interest rate for ISM will be 4.465% annual at par.
soupcxan said:That's 4.465% at par of $25? So really it's a YTM of 5.23% at the current price of 21.35?
soupcxan said:That's 4.465% at par of $25? So really it's a YTM of 5.23% at the current price of 21.35?
clifp said:quasi government agency.
Can anybody explain what the credit risk of Sallie Mae is. I assume they are like Fannie Mae and have the implicit but not the explicit backing of the Federal Government.
HaHa said:Wrong assumption. Some years ago the governmnet conection was severed. Sallie Mae is no longer a GSE.
It is an S&P A credit.
Ha
soupcxan said:That's 4.465% at par of $25? So really it's a YTM of 5.23% at the current price of 21.35?
clifp said:And that accural between the current price and par is roughly $.35/year (varies depending on OSM or ISM and the current price.) but it adds roughly 1.5 to 1.6% to the yield. Making the yield to maturity of these guys just under 7% not bad at all for an inflation protected, quasi government agency.
brewer12345 said:GE is far larger and more diversified. SLM is a large, well-run finance company, but it is still a finance company.
Brat said:I am a Fidelity customer. If I wanted to buy ISM/OSM would it be a bond or an ETF?
Brat said:I am a Fidelity customer. If I wanted to buy ISM/OSM would it be a bond or an ETF?