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@MFO Members: Today Hertz called in the chips on my HTZ 7.375% bond maturing 1/15/21. This is the downside of having a callable bond, and a by-product of much lower interest rates. Regards, Ted
@JohnN: Sorry John, but I don't call losing sixteen months of interest at 7.375% nice. I'm not complaining, bought the bond on7/19/17 at little less than par, so the capital appreciation plus a excellent yields was a win-win. Now I'll have to put the proceeds to work at a lot less the 7.375% Regards, Ted
Hi guys & dolls, Bonds being called away is one of the reasons Old_Skeet went to bond mutual funds only becasuse I simply got tired of bonds being called away from me. Seemed as though I'd buy another one and it would get call away after a couple of years, or so, of buying it. Many times I could not replace the bond with another at or about the same interest rate as the called bond without having to pay a premium. And, with this, I decided to just simply buy bond mutual funds.
Comments
Nice!! What was Ytm
What investment bonds you may buy next? Ford
We picked up Ford last wk but mature 2040s
Regards,
Ted
https://markets.businessinsider.com/bonds/7_375-the-hertz-bond-2021-us428040cg21