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.
Watcdy - I see that
Final comment Here’s a 12/31/23 maturity with 2.625 coupon priced ...
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 :)