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Old 06-09-2021, 05:10 PM   #301
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Agree - absolutely no consideration for risk. Funny thing is, they will get it sold relatively easily. Which begs the question on all of my high yielders which are currently callable but haven't been - what are they waiting for?
Hard to figure. I have a small 4% coupon bond from the Indian Trail District in Palm Beach County that has been callable since 2015. Hopefully they'll be able to come up with my principal when the bond matures in August.
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Old 06-10-2021, 01:05 PM   #302
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Hard to figure. I have a small 4% coupon bond from the Indian Trail District in Palm Beach County that has been callable since 2015. Hopefully they'll be able to come up with my principal when the bond matures in August.


I might hope they’d just keep paying the coupon for awhile till they can come up with the principal.
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Old 06-14-2021, 06:03 PM   #303
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Hopefully this means the end is near for the low rates/yields we've had to deal with. Seems to me this is a good signal not to buy anything at this time with maturity further out than maybe a year or two at most.

https://finance.yahoo.com/news/jpmor...174142959.html
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Old 06-15-2021, 07:37 AM   #304
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Part of the problem is that states/munis have been reluctant to embark on capital projects. If funding for infrastructure impprovements moves forward, maybe that'll change. Then we'd see some new borrowing instead of just refinancing of current debt.
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Old 06-15-2021, 11:07 AM   #305
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Part of the problem is that states/munis have been reluctant to embark on capital projects. If funding for infrastructure impprovements moves forward, maybe that'll change. Then we'd see some new borrowing instead of just refinancing of current debt.
In general though, whether we're talking about munis, CDs, treasuries, or other fixed income instruments, we should (hopefully) be seeing higher rates sooner rather than later.
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Old 06-15-2021, 12:02 PM   #306
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Sure, and I'm sitting on some cash myself, waiting for better rewards -- just like Jamie. I look forward to a cocktail party where I can drop the news that the JPM chief and I share a mutual strategy.
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