Just an FYI, there is a new issue FHLB bond on Fidelity that is a 20 year with a 6% coupon but what is a bit different about it is that it has a 2 year no call. I haven't seen that long of a no call period with the higher coupon agency bonds.
3130B0XW4
FIDO new issue.
Bank of America 2/33/2039 5.5%
1st call 2/22/27
06055JDK2
15 years a bit long for me.
Looks like we are getting some longer call lengths lately. I'm waiting for yields to increase closer to 6% for "A" rated corporates. I'm not sure if we will get there though.
New issue on FIDO. FHLB 5.75 2/20/29. 3130AYUU8. The reason I bring this new issue up is that the first call date is listed as 3/20/24. That's 21 days after the settlement day. Why the very fast first call date?
And so it begins. Just received an agency bond call. 3133EPNE1 FFCB 6.375%.
Looked at the FFCB website and it lists 4 bond calls announced Dec 15. Coupons of 6.375%, 5.94%, 6.4%, and 6%.
New issue at Fidelity this morning. Royal Bank of Canada 6.125% 2038. 5 year no call.
CUSIP 78014RTS9
I am tempted however the duration gives me pause. I also have about 10% of portfolio in RBC so thinking might have too much concentration as it is.
Thoughts?
Here is link to FHLBanks Office of Finance page on upcoming calls. The page lists all bonds eligible to be called in full or in part the next 5 days.
https://www.fhlb-of.com/ofweb_userWeb/pageBuilder/call-schedule-84
I am looking at the FIDO new issue page and here are a few offerings with calls over 1 year.
RBC 5.5% 7 year (78014RPM6) first call 5 years
Barclays 5.8% 10 year (06745MZA9) first call 3 years
RBC 5.8% 10 year (78014RPR5) first call 2 years
Goldman Sachs 5.8% 5 year (38150AU29) first call...
I live in a state that has a state income tax. This year for the first time I have purchased quite a few FHLB and FFCB GSE bonds through my Fidelity account and I just want to confirm that Fidelity will not break out the state tax free interest earned on these bonds on their Tax Document...