y****i
发帖数: 778 | 1 Yes, zero coupon will give you higher YTM, but market volatility is also
higher. If you want to sell your bond before maturity, I do not recommend
zero coupon bond because the spread between the bid quote from the broker
and market price will be too large. Only you are 100 percent sure that you
don't need that money for a very long time till the maturity, then you can
buy some zero coupon bond. Currently I have about 10 percent zero coupon
bond in all my muni bond holdings, and usually they shou... 阅读全帖 |
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y****i
发帖数: 778 | 2 I like individual muni bond because you can buy and hold even the market
price is lower than your purchase price. However, if your bond size is small
or not a state general obligation bond, selling muni bond is more difficult
than muni bond funds, or your bid quote from your broker may be much lower
than the market price. For tax purpose, both interests are tax free. |
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s********e
发帖数: 13 | 3 感谢上面的建议，我回头去看看Mini Bond。如您所说，我确实是给3岁的女儿提前准备
学费。如果去买Bond的话，基本上都会设定在16年后，也就是2018/2019年的maturity
。有个问题是，因为每年都会给她买，是盯住某一只Mini Bond，向定投基金一样的去
买呢（风险是Bond Price可能会变，相应的YTM也会变）；还是每年都去看市场上有哪
些2018/2019 maturity的Bond，每年去卖不一样的Bond？
板上有不少讨论都是关于准备退休/大学的，不知道之前的同学们是不是对这个问题已
经有答案了？ |
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y****i
发帖数: 778 | 4 Interest risk is high for bond fund and ETF, but you can still find some
deals in individual muni bonds, especially Kicker bonds. For kicker bonds,
yield to call and some previous withholdings, please see my post:
http://www.mitbbs.com/clubarticle_t/Bond/31335637.html
Recently I bought $50k 156753EC5 at $30.662, yield 5.884%, Maturity Date 08/
01/2033, both Fed & CA tax free, S&P rating A+,insured by MBIA. As long as
the ask price plus 0.1$ transaction fee for Fidelity account is less than
follo... 阅读全帖 |
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y****i
发帖数: 778 | 5 If you hold it to maturity, your return is fixed. Yes, the risk is that you
need to sell the bond before maturity and the market price is lower. Ask
price need to be lower than 3rd party price for buying muni bond. I don't
have any NY bond now because I am in CA. NYC mta bond usually will give you
higher yield than GO bond because the rating is A2, and more stable than
other revenue bond because mta can raise price if they have cash flow
problem. |
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y****i
发帖数: 778 | 6 You can start to accumulate cash for short term individual corporate or
taxable muni bond with 5-6% yield and less than 7 year maturity , 4-5% yield
tax free muni bond with insurance and less than 12 year maturity. Both of
them will beat most bond fund which put too much weight in Treasury bond and
agency bond.
http://www.mitbbs.com/club_bbsdoc/Bond.html |
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p**h
发帖数: 1105 | 7 If I were you, I won't buy any bond fund from now on! If you really want to
invest in bond, buy high quality Corp bond (not junk bond) only. However,
you MUST lower your expectation on the return of bond... Fed is starting
tapper, no more cheap money, bond 的好日子过去了 |
|
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y****i
发帖数: 778 | 9 1) F and G has higher risk than GO, Series H has lower risk because CSU can
always raise tuition if state cut budget. Usually they are not insured, and
in history CA never default any state PWB or GO bonds.
2) The interest coupon and yield will be determined by 9/30 or 10/1,
different with how many years to maturity.
3) If coupon rate is higher than yield, you need to pay premium. If coupon
rate is lower than yield, you will have a discount. If they are the same,
you pay exactly par value. Usual... 阅读全帖 |
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M********r
发帖数: 278 | 10 the relationship between bond yield and bond price is inverse. bond yield
and bond price have nothing to do with stock prices. As redsim says, the
correct thing to say about bond and stock is that the correlation between
the two are low.
bond |
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d******d
发帖数: 52 | 11 最近几年bond的利率都不高，无论是goverment bond还是investment bond。比如现在
十年公债yield是大约2%。我的理解就是买bond或bond fund投资回报的上限大概就是2%
。可是过去几年，比较好的bond fund投资收益都到了5% -- 7%，他们是怎么做到的呢
？ |
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w*****i
发帖数: 57 | 12 这个50%bond和50%股票的组合比较适合长期投资。为什么这样说，我帮你分析一下。
Bond 如果在还未到期前就卖掉，会承担interest rate Risk， 因为一旦Interest
Rate 上升，Bond的在市场上的价值就会下降。
目前的市场很有可能会在2015年底的时候加息，一旦加息，长期债券的市场价值会受到
很大的影响。
如果是持有到bond的到期日，就不会有Interest Rate Risk，因为到期的时候bond 会
把本金还给你。你能赚到的是中间每年的利息Interest，但是10年中的通货膨胀
inflation 将会吃掉很大一部分的收益。
举个列子，就拿10年期的国债来说，目前的的利息是2.23%, 如果你投了$1,000在你面
，每年可获益$22.3, 十年后成本加利息总共获得$1223.
如果按照通货膨胀每年平均3%来看，10年后的$1223的价值只有目前$902,所以实际你的
投资是亏了$1000 - $902 =$98
如果你选则的bond的组合中有地方债券，或是公司债券（风险要比地方债券要大）每年
的利息是可以超过3%的评价通货膨胀率的。
但是按照... 阅读全帖 |
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m*********t
发帖数: 1250 | 13 把下面这个看看就清楚了~
在目前加息的预期下，比如VWESX，它的Avg Duration是14年，Sec Yield是3.45%，你自
己可以算算比如明年加息0.5% or 1%，total return会是多少~
http://whitecoatinvestor.com/yield-and-return/
===A Bond When Rates Increase
Now, let’s say you buy a treasury bond with a yield of 3% and a duration of
5 years and interest rates go up 1%. The value of your bond falls 5%.
Yield: 3% Capital Appreciation: -5% Total Return -2%
===A Bond When Rates Decrease
Now, let’s assume the opposite occurs with that 3% bond, rates go down 1%.
Now your b... 阅读全帖 |
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m*********t
发帖数: 1250 | 14 把下面这个看看就清楚了~
在目前加息的预期下，比如VWESX，它的Avg Duration是14年，Sec Yield是3.45%，你自
己可以算算比如明年加息0.5% or 1%，total return会是多少~
http://whitecoatinvestor.com/yield-and-return/
===A Bond When Rates Increase
Now, let’s say you buy a treasury bond with a yield of 3% and a duration of
5 years and interest rates go up 1%. The value of your bond falls 5%.
Yield: 3% Capital Appreciation: -5% Total Return -2%
===A Bond When Rates Decrease
Now, let’s assume the opposite occurs with that 3% bond, rates go down 1%.
Now your b... 阅读全帖 |
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f******n
发帖数: 45 | 15 長期來講bond fund 肯定是要调整的。 bond 的管理方式要转回bond 自己，我
laddered bond, 或floating rate. 怎么调，要看你买bond的目的。。
: 多谢。
: 不知还会不会继续跌。昨天20年贷款利率已涨到4.0%了，几星期前还是3.375%。
利率
: 还可能继续上涨。到时bond不知是否还继续下跌。
|
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f******n
发帖数: 45 | 16 这个时侯买bond的话要买bond 或者laddered bond, 不能買bond fund. 尤其total
Return bond fund. Bond 市场刚刚经历一个30年的牛市。 要說見底，恐怕要很多年
以後了。
: 转：
: 美国遭到创纪录的抛售 跌势未见底
: 俄媒称，过去两周可谓近15年来债券市场最糟糕的日子。在唐纳德·特朗普赢得
美国总
: 统竞选后的这段时期，投资者在2013年以来的最大抛售潮中将107亿美元撤出债
券基金
: 。2013年，市场因美联储收缩量化宽松计划而发生震荡。
: 据俄罗斯《专家》周刊网站11月29日报道，第二个意味深长的信号是特朗普胜选
后1260
: 亿美元国家证券的拍卖结果：七年期国债价格需要创逾一周以来的最大降幅来吸
引买家
: ，同时由于需求下挫，其他期限的许多国债都砸在了一级市场经纪商手中。
: 彭博新闻社指出，投资者并不相信抛售已经停止。同时，美国债券30年牛市的下
跌仍未
: 见底。对债券的需求不时出现，但这不过是长期下跌后的短期调整。
阅读全帖 |
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s*******h
发帖数: 1361 | 17 用AGG作个例子,AGG tracks the Barclays U.S. Agg index - 5bps for expense
ratio. "你可以当AGG就是一个股票。有股息，股价也会波动。" It pays dividends/
coupons every month, which you can reinvest in the ETF itself automatically
to achieve the total return .
Behind the scene, both AGG and Agg index are just massive bond ladders, with
the Agg index consisted of about 10,000 bonds while AGG consisted of about
5000 bonds (not practical to replicate every single bonds in Agg). You
dividends come from the bond coupons, and when the... 阅读全帖 |
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S**P
发帖数: 1290 | 18 可以请教下为什么要买bond吗？
如果还有很长时间才退休的话，bond和股票比有啥优势吗？
我的401k百分百就是spy和qqq...
[在 llev (llev) 的大作中提到：]
:谢谢你的详尽解释。我对你所说的理解是这样的，麻烦你看一看对不对。
:我举的例子那个20年的muni bond利率是3.7%的样子，免联邦税。你举的例子AGG 的
ETF现在的利率是税前-0.36%，税后-1.39%。两者差了5%。
:那你的意思是不是说这个muni bond给的利率已经考虑到了今后利率要大涨。而这个
AGG是基于目前的interest rate，今后它的利率要非常大幅度的增长？（要match 这个
5%
:今后AGG的利率至少也要10%吧，3.7%+5%+additional increase to catch up）。我的
:理解不知道对不对？
:另外如果我决定买bond fund的话（我公司的401k即使用了fidelity的brokerage link
:也不能买ETF）有什么可以推荐的吗？我计划20年后才退休，那么是不是买long term
的bond fund yield会比... 阅读全帖 |
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s*******h
发帖数: 1361 | 19 用AGG作个例子,AGG tracks the Barclays U.S. Agg index - 5bps for expense
ratio. "你可以当AGG就是一个股票。有股息，股价也会波动。" It pays dividends/
coupons every month, which you can reinvest in the ETF itself automatically
to achieve the total return .
Behind the scene, both AGG and Agg index are just massive bond ladders, with
the Agg index consisted of about 10,000 bonds while AGG consisted of about
5000 bonds (not practical to replicate every single bonds in Agg). You
dividends come from the bond coupons, and when the... 阅读全帖 |
|
S**P
发帖数: 1290 | 20 可以请教下为什么要买bond吗？
如果还有很长时间才退休的话，bond和股票比有啥优势吗？
我的401k百分百就是spy和qqq...
[在 llev (llev) 的大作中提到：]
:谢谢你的详尽解释。我对你所说的理解是这样的，麻烦你看一看对不对。
:我举的例子那个20年的muni bond利率是3.7%的样子，免联邦税。你举的例子AGG 的
ETF现在的利率是税前-0.36%，税后-1.39%。两者差了5%。
:那你的意思是不是说这个muni bond给的利率已经考虑到了今后利率要大涨。而这个
AGG是基于目前的interest rate，今后它的利率要非常大幅度的增长？（要match 这个
5%
:今后AGG的利率至少也要10%吧，3.7%+5%+additional increase to catch up）。我的
:理解不知道对不对？
:另外如果我决定买bond fund的话（我公司的401k即使用了fidelity的brokerage link
:也不能买ETF）有什么可以推荐的吗？我计划20年后才退休，那么是不是买long term
的bond fund yield会比... 阅读全帖 |
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d***y
发帖数: 183 | 21 http://verydummy.com/drupal/node/54
前一阵为了申请车贷开了penfed的账号，就想顺便也开一个3年5%的CD。又受博士的启发，简单的学习了一下I-Bond，感觉I-Bond现在4.8%的利率如果考虑到免除州税的因素似乎要更好些，所以想做一个具体的比较。没想到‘噩耗’不断传来，先是发现penfed的CD利率早在上月底就下调了，5年也只有4.5%了；然后今早人民币升值，一夜之间账户缩水2%。心疼啊！研究来研究去也没差2%出去啊。但是图都画好了，就还是贴上来，也感谢KennyD，patrickp等位的帮助。其中I-bond的利息计算有点复杂可能不太准确，但应该不会造成本质性的差别。
I-bond我是一知半解，具体资料在savingsbond.gov都有，这里只是简单介绍一下:
首先，I-bond购买一年之后才能出售，而且5年之内套现都要扣除最近3个月的利息；5年CD一般都是扣除6个月的利息。
其次，I-bond的利率每半年（5月和11月1日）调整一次，而一般CD的利率是固定的。具体来说I-bon的利率由两部分组成。1)固定利率部分（现在是1.2%），其实固 |
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f*********l
发帖数: 4 | 22 I-bond
Good thing was gone: before 2004, we bot I-bond using credit cards (purchase).
Many ppl earned citi $300 in one day (bot $6000 I-bond). B4 Jan, 2003, ppl fli
pped I-bond a lot: after 6 months (actually 5 months), redeem and re-buy (of c
ourse using CC). Treated I-bond like CharterOne GC.
CD has the minimum amount required, for example, $5000. If you buy I-bond, you
can buy 5 $1000 (or 5 X $100 + 5 X $500 + 2 X $1000), when you have to redeem
, you can redeem any amount you want, $1500, $2 |
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o*********i
发帖数: 550 | 23 需要从国内进口货物，以前走过一单，是买单做的，现在想自己申请annul bond，以节
省费用。
在CBP官网上看到如下描述：
A continuous bond is 10% of duties, taxes and fees paid for the 12 month
period. The minimum amount is $50,000.00. Current bond formulas can be
found on www.CBP.gov.
A single entry bond is generally in an amount not less than the total
entered value, plus any duties, taxes and fees. The minimum amount for a
single transaction bond is $100.00.
这是不是说，如果年进口金额低于5万美元，不能申请continuous bond？
请大侠们不吝赐教！谢谢！！ |
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m********0
发帖数: 2717 | 24 bond is too expensive for me so far.
its really depends on what kind of bond,
fed? muni? corp? mbs?
I would say it's not a golden time for bond.
even Gross admitted that bond's return is less than equity now.
I strongly disagree bond is untouchable.
If I have the money, I would go for some really good bond.
for those with big discrepancy in rating(by different agency),
there is odds in it. with careful analysis, it's better and safer
than stocks.
a lot big names are not able to buy low-rating bo |
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y****i
发帖数: 778 | 25 http://www.mitbbs.com/club_bbsdoc/Bond.html
I'll answer most questions about corporate bond and muni bond (tax free)
there, for Treasury bond like tips, i-bond, Ee and bond fund or Etf, pls ask
questions at investment. |
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l****5
发帖数: 2968 | 26 小女子刚刚进入这个投资游戏，左看看右看看，觉得bond比较稳妥。问题有以下几个：
本人要17年年中拿回本金，有些bond的coupon是5%，但是是municipal bonds, 看了一
下，说风险还是有但是不算大。请问如果我买到17年年中mature的bond，有什么风险吗
？要注意什么问题？我看到有些bond要买很多才行，也有买几钱就可以的了。
如果大牛们觉得bond不可靠，不知道还有什么其他的好途径呢？
股票是有买的了，不知道还有什么类型的投资呢？17年年中要等钱用
谢谢先 |
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g******4
发帖数: 6339 | 27 【 以下文字转载自 Boston 讨论区 】
发信人: gogo2004 (挑灯看剑), 信区: Boston
标 题: 缩表->MBS bond prices-> ->房价
发信站: BBS 未名空间站 (Thu Sep 21 21:38:24 2017, 美东)
美联储(Federal Reserve)保留了今年内再一次加息的可能性，同时逆转其在危机时代
出台的刺激计划，这是一个乐观标志，说明美联储相信通胀将会摆脱今年的疲软态势。
由珍妮特•耶伦(Janet Yellen)担任主席的美国央行周三表示，将从10月开始缩
减其数万亿美元的资产负债表，即便其维持1%至1.25%的基准利率目标区间不变。在承
认最近飓风在德克萨斯州和佛罗里达州造成重大损失的同时，多数政策制定者坚持原有
的预测，即2017年将会再加息一次（最有可能是在12月），2018年还会进一步加息三次。
FED will start selling off MBS holding. It will cause the bond supply curve
to shift right, which alo... 阅读全帖 |
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y****i
发帖数: 778 | 28 http://www.mitbbs.com/club_bbsdoc/Bond.html
I'll answer most questions about corporate bond and muni bond (tax free,
also AMT tax free for most of them)
there, for Treasury bond like tips, i-bond, Ee and bond fund or Etf, pls ask
questions at investment. |
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t******o
发帖数: 76 | 29 信人: youaremine (你是我的), 信区: Accounting
标 题: Re: 一个很简单的bond问题
发信站: BBS 未名空间站 (Fri Jan 30 20:57:44 2009), 转信
bond有初始interest accrual date
假设A公司在4月1号买了B公司的bond
bond的issue date是1月1号
那么A公司需要付的价格就是bond price+purchased interest accrual
到了6月30号拿利息的时候，拿到的就是整个半年的利息
但是事实上interest income是4月1号到6月30号的利息，因为前3个月的利息B公司
买bond的时候就付掉的
清楚了没
=======================
谢谢，解释得很清楚。 |
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c*******n
发帖数: 913 | 30 1) I believe this question is asking for what is the Bond liability...
Bond payable (CR) 1 M
Bond Discount (DR) .01M
Then the net bond liability will be .99M
2) The carrying value of the bond : (Use the book one)
carrying value= face value -/+ unamortized discount/
primium- umamortized bond issue costs |
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b****f
发帖数: 27 | 31 这道题是ACTEX中Bonds， Page M4-20 中的11题：
该题目如下
A 1000 par value bond pays annual coupons of 80. The bond is redeemable at
par in 30 years, but is callable any time from the end of the 10th year at
1050. Based on her desired yield rate, an investor calculates the following
potential purchase prices, P:
Assuming the bond is called at the end of the 10th year, P=957
Assuming the bond is held until maturity, P=897
The investor buys the bond at the highest price that guarantees she will
receive at le |
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k****o
发帖数: 728 | 32 外行请教： 有没有什么酶或者方法能够让protein disulfide bonds（最好是intra-
chain disulfide bond）scramble/exchange。 大概搜了一下，protein disulfide
isomerase （PDI） 好像是能够纠正incorrect disulfide bond回到原来的能让
protein稳定的correct disulfide bond。而我是想让正常的disulfide去和nearby的
disulfide bonds exchange，然后研究protein和其他target的binding。 不知道PDI能
不能做到这个？要怎么控制条件去故意打乱disulfide bond的配对？ 或者其他更好的
enzyme？
多谢！ |
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d******e
发帖数: 285 | 33 It means the bond is hot in repo market. To make money, you can repo out
the bond, get cash collateral in, lend out the cash at benchmark rate (e.g.
Libor or fed open), make some extra interest accrue on your side. When you
need to unwind the position, you get the cash back, collect the interest,
then pay the cash back to the bond borrower, pay him a fee, and get your
bond back. When a bond is special, the fee you pay to bond borrower should
be less than your interest income, that's how yo |
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r**a
发帖数: 536 | 34 没整明白你在说什么。你提供的原题答案里面不是讲的很清楚吗？
portafolio's value=$-P_low+P_high$, where $P_low, P_high$ means the prices of
low credit and high credit bonds. You need to analyze the duration of these
two bonds.
risk premium, so Baa3/BBB corporate bonds will have a higher yield than Ba2/
BB bonds. High yield, means low Price.所以Baa3/BBB的价格会下降，而题干里是
sell Baa3/BBB bonds，所以所得为正。
means high Price.所以Ba2/BB的价格会上升，而题干里是buy Ba2/BB bonds，所以所
得为正。 |
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w*******y
发帖数: 60932 | 35 Best Buy
James Bond Blu-ray Collection 1:
http://www.bestbuy.com/site/James Bond Blu-ray Collection 1 [3 Discs / Blu-ray] - Widescreen Dubbed - Blu-ray Disc/9058057.p?id=1909377&skuId=9058057&st=Movies_Fathers_Day_Sale_20110529&lp=25&cp=1
James Bond Blu-ray Collection 2:
http://www.bestbuy.com/site/James Bond Blu-ray Collection 2 [3 Discs / Blu-ray] - Widescreen - Blu-ray Disc/9058244.p?id=1909379&skuId=9058244&st=Movies_Fathers_Day_Sale_20110529&lp=5&cp=2
James Bond Blu-ray Collection 3:
http:/... 阅读全帖 |
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s***w
发帖数: 521 | 36 来自主题: Investment版 - bonds for stocks, we hold cash, and watch.
for bonds, what should we do now?
1) gov bonds
2) gov inf bonds
3) corp bonds
4) h-y bonds |
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D******e
发帖数: 1222 | 37 现在Fidelity有一些ETF可以免费trade, 现在银行的利息不高, 想是不是买些bond
etf赚稍微高一点的income
看了一下其中的几个bond etf:
AGG: Bond
TIP: Inflation adjusted
LQD: Investment Grade Corporate
EMB: Emerging Market
MUB: Muni
大家有经验可以推荐怎么选么? 考虑到短期内利率会稳定, 然后会逐步上升, 哪个etf
会稳定而且利息比savings高?
买了一点LQD, corporate bond, 感觉是不是会多一点floating rate的bond, 但也不肯
定, 就怕哪天fed一升息, 到手的
dividend赔进去都不够贬值的.... |
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s********n
发帖数: 1962 | 38 The only reason junk bond fund didn't lose 70% of their value is the
Fed Reserve pumped everything up. In a sense, Fed moved most of the
risk in junk bonds into us treasury bonds by essentially binding them
together. Then Fed moved most of the risk in treasury bonds into US
dollar by printing money.
That's why you see the return of junk bond funds was so good. And that
eventually will turn everything into a disaster. |
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s********u
发帖数: 1054 | 39 我个人认为， 那些 FINANCIAL ADVISOR 的话不可全听， 大部分ADVISOR 也就只 知道人云亦云。 这些人最早反对你放 EMERGING MARKET， 后来说最多放5%， 现在这个MARKET热起来了， 不少ADVISOR 又开始建议至少30% INTERNATIONAL 投资了。
我的BOND HOLDING 最近跌的满厉害的， TOTAL BOND MARKET 的指数ETF 最近大概跌了7%。 一旦有通货膨胀预期， 这个债券跌得不比股票基金温柔。
我前两个月已经陆续抛出了绝大部分全部长期债券基金，今天抛出大部分中期债券基金。 剩下的债券差不多就是少量短期债券和 JUNK BOND了。 我打算增加一点 JUNK BOND 的HOLDING。不到FED 加息我不打算再增加长期债券和中期债券了。我不怎么 CARE 我持有的到底是债券还是什么。 我只 看一个基金过去10年，15年起伏的大小。我打算把35%的钱投到起伏比较小的ASSET CLASS 里面去。
我现在在物色一些 BOND 的替代物， 比如 前几天这个版面上有人说的REWARD CHECKING AC... 阅读全帖 |
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s********h
发帖数: 158 | 40 what i meant was that, from an investor's perspective, if an undervalued
bond is identified and purchased, he will hold it to the maturity, at which
time, the price of the bond is bound to revert back to the par value.
for a bond trader, much like any other securities, the price of a bond
fluctuates everyday. but why should an investor be concerned with that if he
doesn't plan to sell?
the future cash flow, but also the forward interest rates you use to
discount these cashflows, interest rate v... 阅读全帖 |
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m**i
发帖数: 28 | 41 菜鸟请教I Bond的问题。。。
2003年中买了1万的I Saving Bond，现在的利率是1.84%，这个是paper的。2008年中的
时候在treasurydirect有入了2万I Bond，现在的利率是1.74%。
当初我记得这个bond如果以后用作小孩读书的费用的话是利息是不用交税的。现在利率
这么低，是不是应该卖掉放到利息高一点的比如reward checking里面？如果我现在就
把这些bond卖掉的话，除了交利息税，应该没有别的费用了吧？谢谢 |
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s********i
发帖数: 17328 | 42 nobody knows for sure about the consequence if us defaults its bonds. 作为储备地位的货币以前没有default过。别忘了还有cash，如果bonds/stock都会down，尽管有inflation，cash不会down。另一个可能的结果就是，both bonds and stocks都crash, 变现导致美元走高。
bonds走高的assumption是us不defaults its bonds. |
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S**C
发帖数: 2964 | 43 http://online.wsj.com/article/SB1000142405297020426230457706777
"The auction of up to billion in bonds over a range of maturities saw
Italy paying a yield of 7.89% on three-year bonds and 7.56% on 10-year paper
."
"In secondary markets, the two-year bonds at 7.04% and 10-year bonds at 7.31
% remains uncomfortably tight."
It appears ECB bought a lot of short Italian bonds than the longer ones. |
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y****i
发帖数: 778 | 44 http://www.mitbbs.com/club_bbsdoc/Bond.html
I'll answer most questions about corporate and muni bond there, for Treasury
bond like tips, i-bond, Ee and bond fund or Etf, pls still ask questions
here. |
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y****i
发帖数: 778 | 45 Buy corporate bond in your Roth IRA or IRA because the interest is tax free
or deferred. Bond fund is an equity using your money buying different bonds,
the portfolio is changing everyday, no maturity date like individual bond. |
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y****i
发帖数: 778 | 46 Yes, municipal bond funds buy these bonds because fed rate will be 0-0.25%
before mid 2014. For small investors, you need to screening and wait for the
opportunity to buy. You can also try zero coupon or taxable muni bonds like
BAB if their yield are attractive. I bought 204712FF5 8/1/2018 with 6%
yield yesterday, not bad with AGM insured. Though it is a fed taxable and
zero coupon bond, the yield is much higher than CD and default risk is lower
than corporate bond. |
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y****i
发帖数: 778 | 47 【 以下文字转载自 Bond 俱乐部 】
发信人: yangqi (zzzzzz), 信区: Bond
标 题: A historical look at bond bear markets
发信站: BBS 未名空间站 (Sun Mar 10 01:16:56 2013, 美东)
https://www.savantcapital.com/uploadedFiles/Savant_CMS_Website/Resources/
Market_Commentary/Recent_Commentaries/A%20Historical%20Look%20at%20Bond%
20Bear%20Markets%20-%20March%202011.pdf
Again, prepare for the worst but individual bond investors can hold them
until maturity and buy more high yield bonds with new money. |
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y****i
发帖数: 778 | 48 Yes for all questions. However, both bonds have 3rd party price below $99.
If you sell the bond before maturity, you may lose money. In addition, you
still need to pay tax on the interest which can be tax free for muni bonds.
15 year 3.525% yield is low for taxable bonds, but OK for tax free muni
bonds, especially if you hit AMT, or above 28% federal tax bracket. |
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y****i
发帖数: 778 | 49 Yes, the muni you showed is short term with yield less than 1%, so the price
is high. But if you look for the 15 year term same as the GS bond, you can
still find about some 3.5% yield to call, or even higher yield to maturity
for Kicker bond. See my post in the bond club for Kicker bond.
http://www.mitbbs.com/clubarticle_t/Bond/31335637.html |
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N****g
发帖数: 2829 | 50 手里的几个重仓Bond fund (i.e. PTTDX，属于US Intermediate-Term Bond类别的)最
近跌的很厉害，是不是应该换别的了？如果还想买Bond Fund，应该换什么类别呢？
只听说Long-term Bond类不能碰，short/intermediate term的怎么也跌的这么厉害呢？
如果现在bond fund都不能碰，股票又这么高，显然也不能碰，那该买什么呢？
求解惑。谢谢。 |
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