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Yes, true for the institutional market ($1 million up) but I am trying to
get a better feel for current spreads in retail lots of $50k-$100k more
typical of a private laddered portfolio of bonds across a wide range of
maturities. I seem to remember that when I did bonds at Schwab in $100k
lots, the spread was around 3 ticks plus $50 commission but that was some
time ago. Fidelity does not charge a commission on bond trades of $25k up,
however spreads of 24/32 on bonds and 9/32 on notes seem egregious which is
why I'm checking.
Earl
----- Original Message -----
From: "Robert Hodge" <r-hodge@xxxxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Monday, August 20, 2001 9:27 AM
Subject: RE: [RT] Re: Retail Bond Spreads
> http://www.jpmorgan.com/MarketDataInd/GovernBondIndex/GBI_Outlines/US.html
>
> supports Chris's recollection...
>
> RH
>
> -----Original Message-----
> From: chrischeatham@xxxxxxxxx [mailto:chrischeatham@xxxxxxxxx]
> Sent: 20 August 2001 16:21
> To: realtraders@xxxxxxxxxxxxxxx
> Subject: [RT] Re: Retail Bond Spreads
>
>
> I haven't bought actual bonds in a while, but that doesn't sound
> anywhere close to right. If I recall correctly, liquid 10s typically
> trade at 1/64th to 1/32 in the institutional mkt. most of the time.
> If it is an obscure issue that they have to look for, maybe that
> could add some, but otherwise does not make much sense. And Fidelity
> is charging a commission on top of that I bet.
>
> Chris
>
>
> --- In realtraders@xxxx, "Earl Adamy" <eadamy@xxxx> wrote:
> > Oops, should have indicated these are US Treasury bonds and notes
> of various
> > maturity dates.
> >
> > Earl
> >
> > ----- Original Message -----
> > From: <chrischeatham@xxxx>
> > To: <realtraders@xxxx>
> > Sent: Monday, August 20, 2001 8:54 AM
> > Subject: [RT] Re: Retail Bond Spreads
> >
> >
> > > What credit quality are you talking about? I have a friend who
> > > trades junk bonds in the 100-300k range and he is always harping
> on
> > > the huge spreads. I'd be happy to ask his insight on whatever
> credit
> > > you're interested in. I recall him saying that he had been
> > > successful placing limit buy orders, and was able to get filled
> > > inside the spread frequently.
> > >
> > > Chris
> > >
> > > --- In realtraders@xxxx, "Earl Adamy" <eadamy@xxxx> wrote:
> > > > Fidelity Bond desk is quoting spreads of 24/32 on bonds
> (ranging 20-
> > > 30
> > > > years) and 9/32 on 10 year notes in increments of $50-100k. Does
> > > this seem a
> > > > bit steep compared to other retail firms?
> > > >
> > > > Earl
> > >
> > >
> > > To unsubscribe from this group, send an email to:
> > > realtraders-unsubscribe@xxxx
> > >
> > >
> > >
> > > Your use of Yahoo! Groups is subject to
> http://docs.yahoo.com/info/terms/
> > >
> > >
> > >
>
>
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