|
PureBytes Links
Trading Reference Links
|
With such a short maturity, I think you are going to get creamed on the
spread or commissions or both. Much lower yield, but Treasury Direct is
frictionless and they will direct debit/credit via ACH so very clean. Also,
they will now accept a letter instruction to sell treasuries in account, get
5 bids, and clear at best bid.
Another avenue would be to look into buying preferred shares in some of the
closed end bond funds ... these are not the usual preferred but are short
term monies used to increase leverage in CEF's. www.etfconnect.com is a
great source of info on CEF's. Preferreds are often available directly from
the bond fund without a broker.
Best deal around right now is Interactive Broker Notes yielding 8% with term
of 15 months callable in 3 ... they've been calling in 3 months for a couple
of years now. However, they don't offer them unless you have an account with
them and meet their income and asset criteria. Naturally, one must do proper
due diligence in reading the financials which accompany the note offering.
That's about all I can suggest.
Earl
----- Original Message -----
From: "Howard Hopkins" <hehohop@xxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, July 03, 2003 11:17 AM
Subject: Re: Re: [RT] commission on corporate bonds...
> We have a small commodity pool and are just trying to park excess cash in
short term corporate bonds(18 mths or less). Afraid to buy into bond fund
and risk capital loss from interest rate flucuations. We have another
interest rate exposure in our core positions.
>
> Ira and FXTrader mentioned keeping an eye on the spread. What should I be
looking for exactly? I thought when we bought our last bonds that we simply
hit the offer of the spread. I guess that is wrong...?
>
> We bought our last bonds from a regional firm named "Davenport
Securities". I'm guess we just bought these out of Davenports inventory so
they got both the spread and commission?
>
>
> >
> > From: "EarlA" <earl.a@xxxxxxxxxx>
> > Date: 2003/07/03 Thu PM 01:02:48 EDT
> > To: <realtraders@xxxxxxxxxxxxxxx>
> > Subject: Re: [RT] commission on corporate bonds...
> >
> > Symbol for iShares GS Investop Corp Bond Fund is LQD which can be
executed
> > at IB for $12.50+- for $200k. In way of another suggestion, I would
consider
> > using Vanguard ST corporate bond fund for low costs.
> >
> > Earl
> >
> > ----- Original Message -----
> > From: "EarlA" <earl.a@xxxxxxxxxx>
> > To: <realtraders@xxxxxxxxxxxxxxx>
> > Sent: Thursday, July 03, 2003 10:52 AM
> > Subject: Re: [RT] commission on corporate bonds...
> >
> >
> > > Join the sore butt club! I was raped by Fidelity on comparable sized
TBond
> > > orders a year or so ago and posted info here. Commission was free both
> > ways
> > > on large orders, however they cleaned my clock on spread (Fidelity is
> > > dealer) when I sold. Fidelity quotes competitive prices online for
online
> > > purchase but nothing online for selling ... should have sniffed that
one
> > out
> > > before I was sucked in.
> > >
> > > Every time I wire a large sum from Fidelity into Interactive Brokers,
> > > Fidelity calls to ask if there is a problem and gets an earful. So far
> > they
> > > have not refunded any of the $5k+- I was charged in spreads.
> > >
> > > More recent bond purchases (high grade municipal and foreign) have
been
> > via
> > > closed end funds at discount ... very happy with these. I would use
the
> > new
> > > Lehman indexed ETF's for treasuries (SHY, IEF, TLT) and corporates
(don't
> > > remember the symbol). Also have account with Treasury Direct. I will
never
> > > purchase bonds through a broker again!
> > >
> > > Earl
> > >
> > > ----- Original Message -----
> > > From: "Howard Hopkins" <hehohop@xxxxxxx>
> > > To: <realtraders@xxxxxxxxxxxxxxx>
> > > Sent: Thursday, July 03, 2003 10:10 AM
> > > Subject: [RT] commission on corporate bonds...
> > >
> > >
> > > > RT,
> > > >
> > > > We just got raped on a purchase of $200k of corporate bonds. The
broker
> > > we used charged us $1,000 commission. How does this compare to other
> > full
> > > service brokers? Can corporates be purchased through any discount
houses?
> > > >
> > > > Thanks,
> > > > Howard
> > > >
> > > >
> > > >
> > > > To unsubscribe from this group, send an email to:
> > > > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> > > >
> > > >
> > > >
> > > > Your use of Yahoo! Groups is subject to
> > http://docs.yahoo.com/info/terms/
> > > >
> > > >
> > > >
> > >
> > >
> > >
> > > To unsubscribe from this group, send an email to:
> > > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> > >
> > >
> > >
> > > Your use of Yahoo! Groups is subject to
http://docs.yahoo.com/info/terms/
> > >
> > >
> > >
> >
> >
> >
> > To unsubscribe from this group, send an email to:
> > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> >
> >
> >
> > Your use of Yahoo! Groups is subject to
http://docs.yahoo.com/info/terms/
> >
> >
> >
>
>
>
> To unsubscribe from this group, send an email to:
> realtraders-unsubscribe@xxxxxxxxxxxxxxx
>
>
>
> Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
>
>
>
------------------------ Yahoo! Groups Sponsor ---------------------~-->
Get A Free Psychic Reading! Your Online Answer To Life's Important Questions.
http://us.click.yahoo.com/Lj3uPC/Me7FAA/ySSFAA/zMEolB/TM
---------------------------------------------------------------------~->
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
|