Final comment
Here’s a 12/31/23 maturity with 2.625 coupon priced net to
customers at 98.22 for a 10 month yield of 4.798
A lot of the smaller firms can not carry the inventory of
treasury bonds so the bigger firms are the ones that play in this
market sorry for getting off on this tangent is my
final thoughts on it
Posted by DigiNomad on 24th of Feb 2023 at 03:00 pm
Watcdy - I see that one on IBKR. It's trading at 97.96...which
is juicy with the added coupon. Interesting that this particular
one was issued on 12/31/2018....so it's actually a 5 year bond, I
think. *good illustration of how you can lose money in bonds,
if not held to expiration. If bought at the issue date for 100, you
would be down a few percent at this point.
Final comment Here’s a 12/31/23
Posted by watcdy on 24th of Feb 2023 at 02:54 pm
Final comment
Here’s a 12/31/23 maturity with 2.625 coupon priced net to customers at 98.22 for a 10 month yield of 4.798
A lot of the smaller firms can not carry the inventory of treasury bonds so the bigger firms are the ones that play in this market sorry for getting off on this tangent is my final thoughts on it
Watcdy - I see that
Posted by DigiNomad on 24th of Feb 2023 at 03:00 pm
Watcdy - I see that one on IBKR. It's trading at 97.96...which is juicy with the added coupon. Interesting that this particular one was issued on 12/31/2018....so it's actually a 5 year bond, I think. *good illustration of how you can lose money in bonds, if not held to expiration. If bought at the issue date for 100, you would be down a few percent at this point.
Could be. - the maturity
Posted by watcdy on 24th of Feb 2023 at 03:03 pm
Could be. - the maturity date is what matters if it meets your plan- also it’s a reasonably active market and can sell. Anytime and no state taxes
True on losing$$ in bonds - I even lose in golf :)
Thanks for sharing treasury info
Posted by steve on 24th of Feb 2023 at 02:55 pm
Thanks for sharing treasury info guys - definitely a valid alternative after 20 years of ZIRP