COcheesehead
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Notified of two calls Nov 1st. No biggie, lots of replacements now available.
Received 2 calls plus a 50% sinking fund redemption this morning - redemption dates in 4 weeks.
This morning purchased AA-rated June 2040 2.892% coupon @ 57.75 (ask was 58.2) for 7.125% YTM, callable June 2030 for 11.25% YTC. Dealer had purchased for 55.56, so I gave him most of his desired profit...if YTM were lower, I would have played cat and mouse trying to get closer to 57, but I didn't want to risk someone jumping in and stealing it from under me.
I was looking at a county GO for my home state priced near par, AAA,2039 maturity, 4% coupon, 75 available, min buy of ten. I mostly have revenue issues from transit, school, and housing agencies. Now I’m favoring GOs and similar issues. These were all gone by the time I looked it over and decided to buy. Lesson learned. Need to learn how to move more quickly. Yields are moving up.
Just bought 9 year A+ rated non-callable/no sinking fund 7.597% YTM (2.73% coupon).
In this situation (YTM>coupon) are you going to incur taxable capital gain at maturity?
I bought the JP Morgan Chase issue 4812U7L7 8/31/21 which is currently down 9.47%. Should I be concerned? I expected it might drop from par, but not this much.
Revisiting this ‘market linked CD’ that uses a proprietary index. I wish I hadn’t bought it but I only nibbled. It’s down 17.5% per cent in 14 months. Guess I’ll dig into the prospectus to see if I can learn anything. Thoughts?
I can’t even find this issue.
Revisiting this ‘market linked CD’ that uses a proprietary index. I wish I hadn’t bought it but I only nibbled. It’s down 17.5% per cent in 14 months. Guess I’ll dig into the prospectus to see if I can learn anything. Thoughts?
That’s because I typo’d the CUSIP. Should be 48128U7L7
I am patiently waiting to see some Muni's in the 5% area for YTW. Anyone else thinking they could go there? Illinois doesn't count.
This afternoon picked up 7 year non-callable, no sinking fund for 7.19%.
Have maturity tomorrow so will be looking for more above 6% on Monday.
About 5% of the portfolio matures/redeems between now and year end, and then just over 25% the next two years, the bulk in the 2% to 3% range, so I'm really looking forward to increasing future cash flow.
Nice! I have about $170,000 maturing between tomorrow and Dec 15th. Giddy with the possibilities.
You'll have fun with that. I think we will have lots of opportunity the final two weeks of the year. Portfolio managers will be tossing lots of bonds window dressing their portfolios for year end, and lots of retail investors will be doing their tax loss harvesting, unloading bonds they can no longer stand seeing in their portfolio being down so much.
I just ran a screen, I found 306 bonds above 5%.
Yeah I see a lot of these too. 3% that are selling for $70 or something. I should have qualified and said 5%+ bonds that are selling for near par. I don't see any coupons in my state above 5% yet......
You may be waiting a while for that as there likely hasn't been any/many tax free munis with 5% coupons issued in the past 10 to 15 years.
My search shows 255 coupons above 5.0% but none in my state (VT). Its a start though. I am curious what the market will bring after the next rate hike in November if anything.
My search shows 255 coupons above 5.0% but none in my state (VT). Its a start though. I am curious what the market will bring after the next rate hike in November if anything.