COcheesehead
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Where at? Definitely not on Fido or ML in new issue or secondary..........
I am looking at it right now on Fido 3130AWNL0
Where at? Definitely not on Fido or ML in new issue or secondary..........
I am looking at it right now on Fido 3130AWNL0
Right but with a call in Jan 2024, so 6-months out. At this point in the rate hike game, I am looking for stuff with a little more legroom.
Thank you for the detailed response. This is exactly the info I was looking for.
I agree on legroom. But can straddle the issue.Right but with a call in Jan 2024, so 6-months out. At this point in the rate hike game, I am looking for stuff with a little more legroom.
Hi @Healthy Lifestyle - that is a perfectly fine bond depending on your use case. Certainly high credit quality and potentially useful for avoiding state/ local taxes. Basically depends on how you feel about 5.82% and it being callable in 2-years (the 15-year part isn't super significant IMO).
It is good but not really motivating me to buy, so I am keeping my powder dry for rates to go up or some more new issues (right now, Fido literally has 2 new issue agencies and 1 new issue corporate available - not sure where all the new issues went??).
Alternatively, if you want to buy now, you could consider 3133EPQK4 (same FFCB but 6.05% callable in 1-year). All about how long you want at what rate.
My point was only it will never mature in 2033.
You can look at what I call "cushion bonds". Look in secondary market for bonds trading at discount.
Unlikely to be called due to below market coupon. If they do get called you get a premium.
89114XAW3 TD Ameritrade (A1/A) 4-year (BUT 1-year callable) 6.15% with Quarterly payments
Not too bad if you are OK getting called in a year
78014RPF1 RBC (A1/A) 7-year (BUT 2-year callable) 5.55% with Semi-Annual payments
Just as an alternative for longer duration but with a haircut on your coupon
Neither of these speaking to me at this point but if I had to buy, I would probably go with TD in this case.
Huntington Nat Bank 5.650% YTM 6.22% Callable but first is call is November, 2029 44644MAJ0
Finally something I am considering dipping into:
(Fido) 3133EPSA4 FFCB (Agency) 5.96% 15-Year (callable 08/04/2025)
Why only considering this, as it looks like a good bond to hold?
Why only considering this, as it looks like a good bond to hold?
I bought a little but would really like longer dated holdings.......and while 5.96% is very good, for having rates going up again, seems like this might could be better in the future (who knows)