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I am considering buying T-bills. I never did it, so maybe I am confused by something, but I see that 52 week T-bills yield almost exactly 3%.
You got it, T bills are still gaining yield. I figure 3.05% based on the "price for $100" figure for the …
Horrocks is still there, and he'll be making one of his regular appearances on Wealthtrack next week. Consuelo doesn't normally ask challenging questions, but maybe she'll make an exception in this case.
Right about Montpelier; the state capital with the fewest number of inhabitants, a sweet town. That splurge was many years ago, when I had a metabolism like a volcano.
Re/ democracies in the Americas: The Economist's 2022 Democracy Index (widely quoted and highly regarded) rates only four countries in the Americas as "full democracies." In order of ranking, they are Canada, Uruguay, Chile, and Costa Rica. The U.S.…
Thanks, Crash; I appreciate that you get how dangerous the GHG situation is. It's a bit weird how so many in our age cohort either deny it or don't care, when you'd think the people who've been around long enough to watch it unfold for decades would…
If Manchin is for it, then it's clearly anemic and useless....
He wasn't for it, but I heard him say (on CBS Face the Nation) that his bottom line was not attacking fossil fuels directly, and it was reported he wouldn't oppose the renewables $ in th…
So they've frozen the EPA out of the clean-power-plan-like game. A David Wallace Wells op-ed (by NYT subscription, not in the paper, at least yet) cites a calculation that we're at a whole 9% of the Biden administration's GHG reduction goal.
So wh…
Great interview w/ D.R. ... such a data hound. I was just asking myself this week why I'm not buying at least a modest stake in 2y T's. For a balance of yield and early-ish maturity, they look like a pretty good deal now, but maybe a little better a…
The recent action in Treasury yields is down, counter to the year's trend. Meanwhile, HY effective yield is approaching 9%, about a 6% spread over 10y Ts at the moment.
Looks like sentiment may be shifting for real to serious recession risk rather …
Yes, this situation has been discussed in detail in the "M* screwing everything up again" thread. There's likely no fix for this situation.
Thanks, OJ. Guess I stopped reading that thread a little too soon.
I can also confirm that old M* Chart pages are gone now - they generate message, "The report is no longer supported". It was good while it lasted (for 2-3 years).
Same with the other old pages that I'd continued to use - Performance and Ratings &…
When you're on a Pimco fund page, scroll down a few clicks until you come to a prominent blue bar. Click "Documents" at the far right of that bar, or just scroll away to near the bottom of the page, and there's what you're looking for (fact sheet, …
@Sven, I haven't done anything like an exhaustive search of CD-land, but from what I have seen, similar duration Treasuries tend to have slightly higher yields. But there's no guarantee if you sign up for an auction you'll get what you expect. On ba…
@JD Last auction reported was 1.7% for 13wk and 2.2 for 26wk, and I'd think in the auction Monday, those would pop at least to the range you mentioned.
I may go pretty small on this auction and save some $ for the next ones, probably with higher y…
@JD, I'd forgotten FZDXX existed until you posted about it earlier. I have a pretty good pile of it now and really like those upticks in yield.
Also plan to add more short duration Treasuries (through Treasury Direct) during next week's auction of …
I hope they don't notice that the really old legacy pages (performance, ratings & risk, etc.) are still updating and decide they need to delete all that.
@Fred, I'm impressed enough with PGAGX that I bought a first block of shares this week. I'd bet a main reason for relatively low volatility is the fact that it doesn't include commodities.
You must have seen the fact sheet that lays out the invest…
My experience is that managed futures and similar strategies work until they don't, but they tend to work when nothing else does. IMHO, holding long term is not a great idea unless they're a very small piece of the portfolio.
Buying right now, afte…
+0.14% ytd, in other words, flat. Big losses in January; caught back up to zero after revamping the port primarily to managed futures and cash. Right now 25% alt and allocation, mainly managed futures; 20% hold-to-maturity debt; and 55% cash.
I like the portfolio reporting. They clearly show what they're long and short, and what their investment universe is. And right now, you can see how much they adjusted in one month between the end of March (the fact sheet as of date) and the end of …
Yes, the O is for Oppenheimer. It was one of the less risky funds in their lineup. But even if you think BBB in munis is junk, it is still majority investment grade .. but obviously not in the same ballpark as, say, a 90% ig fund.
I've only owned i…
Perfect timing to check on NHMAX; it reopened Wednesday, according to a note on the fund page at Nuveen. (M* still shows it as limited, i.e., to existing shareholders.)
IMHO, Nuveen's other HY muni oef, NVHAX, is a decent choice too: plenty of cre…
Bought small chunks of ICLN and DBA, and watching the positive (but very short term) moves in several debt categories, plus the foreign equity semi-surge, apparently helped along by the dollar dump from its high.
Inflection point in Bot City?
Just noticed that a former topic at MFO, CTFAX, has added equity three times this month when the S&P 500 hit their triggers -- now up to 25%. If interested, see "asset allocation update" on the fund page.
The VIX is a handy metric to watch. Like the article shows, it's turned back from just below 40 a time or two during this escapade. In March 2020 (3/18/20 to be exact), it hit 85.
High yield effective yield is still surging: 7.68% as of yesterday per FRED. Junk muni prices are also getting hammered, right along with corporates. Appears most forms of junk are in a serious downdraft; waiting here for a break in the established …
Stuff really does cost a lot these days. I have needed some Tacoma cedar siding repair on my house for more than a year. Last summer the wood was unavailable anywhere; this year my contractor said I wouldn’t believe what a board foot of the wood cos…
Small adds today to PQTAX and AMFAX plus a smallish starter in AHLPX. Sold DBA, last of the pure commodity vehicles I owned; leaving that allocation up to the managed futures guys. Why? They're working in a very tough investing environment.
@Baseb…
+1, @DavidF. Equities are deep in Deathcross Land but near the January low, and therefore maybe ripe for a rebound, but how high and for how long? The next months, at least, are primed for bad YOY comps and disappointing earnings and growth, Fed pre…
