Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
For the day, CBYYX +0.7%, SHRIX +0.66%, EMPIX - 0.77%. That is a big divergence between CBYYX and EMPIX. With today's divergence, EMPIX fell behind CBYYX by 0.8% in Milton effect. I hope CBYYX is not going to give back today's gain on Monday.
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"Also I have a quirk when it comes to OEF bond funds. I prefer the ones that pay daily vs. the ones that pay monthly."
I share that feeling because the monthly ones give the illusion of smoother NAV than what the NAV otherwise would be. They do n…
Congrats to those here in the CLO bond ETFs. More specifically JAAA and PAAA in the investment grade hovering around 6% YTD with nary a drawdown. And JBBB and CLOZ in the below investment grade hovering around 8.5% YTD with just a blip. The blip…
junkster wrote: "Regarding CBYYX where a few are invested including me. I re entered this fund in July after Hurricane Beryl had no impact whatsoever. Hurricane Beryl was a cat 5 and broke all sorts of meteorological records. Yet none of the cat bon…
balubalu: here's what happened last may, tho i don't fully understand it: https://www.artemis.bm/news/cat-bond-market-suffers-one-of-its-biggest-non-loss-event-weekly-declines-icosa/. other than that drop, i don't see any other significant ones in …
Ended up holding on to CBLDX, it was actually up last Friday. It had positive returns in 2020 and 2022. That's the kind of bond fund I like. The five year returns are also pretty good, though I doubt we'll be in that sort of rate environment any tim…
I'm just looking for some things to beat SPAXX
My goodness. No jumping needed. Any of the Riverpark or Crossbridge funds have been doing that since the start of 2023 with the smoothest ride you can ask for (RSIVX, CBLDX for example). Heck, even th…
Are we beginning to see bond vigilantes in action? Or are people just bummed out by the employment report and the Fed cutting back on the punch bowl?
Trading and investing can often be counterintuitive. How often have we heard (including from me) …
https://www.lazardassetmanagement.com/ie/en_uk/funds/ucits-funds/lazard-nordic-high-yield-bond-fund/f4941/s319/
The above link is the Nordic High Yield bond fund offered by Lazard. Inception date was November 2, 2022, It has annualized return si…
I was able to place a trade but didn't do it.
I always wait several weeks to see the performance of a new fund.
We drove today to Johnson City TN and tried to hike in 2 places but they were closed. I don't understand why because these places were no…
Interesting
My Schwab account says $30 but "cannot process order at this time"
Fido says cannot be traded at all
I talked with a Schwab rep and said the problem as I suspected was the 0 for the price. The mutual fund department said they would h…
Tried placing an order this morning at Schwab where the fund is or will be available. Received a message. “The order cannot be placed”. Then further down “we cannot process your order for this fund. Please contact a Schwab Rep…….”
I assume or…
Thanks @OJ. Appreciate it,
@finder my thinking too that Friday the cat bonds didn’t see the full impact of Helene. But who knows, these bonds seem impervious to about any disaster.
@Junkster
Hope you are ok. Saw the floods in Asheville NC, near your nest.
You were correct, Helene developed into a large hurricane.
Just hope it didn't cause damage to your homes and Xterra fleet.
Right on Helene but at least so far wrong on the c…
Regarding CBYYX where a few are invested including me. I re entered this fund in July after Hurricane Beryl had no impact whatsoever. Hurricane Beryl was a cat 5 and broke all sorts of meteorological records. Yet none of the cat bonds got hit. S…
How will CLOs, which typically involve floating-rate loans, react while the Fed is easing rates?
If you want to read a nice essay on that very topic see the attached link
https://www.janushenderson.com/corporate/article/do-aaa-clos-still-make-sense…
@Junkster
Still holding my Junk. The new Core-Plus fund is just 1.5% of portfolio. WCPNX. Enjoying the ride, though my junk funds are by no means leading the pack.
@Crash, I give you credit for your persistence and glad it is working out for you.
Still not sure the need to lower rates aggressively from here. S@P hit an all time high this morning. Junk bonds at all time highs. Several firms revising third quarter GDP higher. An interesting tidbit from market technician Ryan Detrick. Sin…
Anxious to see how the bond markets respond to Fed day Wednesday as well as the following day, I usually have an opinion (which thankfully I never base my trades on) but haven’t the slightest idea of how the markets will react Wednesday and Thursda…
In short duration like SEMIX , DHEAX and HOSIX. I have used them as cash substitutes this year. Albeit with DHEAX they will be quick to ban you if you move in and out too frequently with size.
@Old-Joe she'd be a solid choice. Adam Kissinger or Mitt Romney might also play well.
I've no idea what slot she might be thinking of but if it helps get the country moving out of the current 2-party malaise I'm all for it.
+1. All mentioned are not…
Hi @hank. I hadn't heard of WEA before so I took a look. That looks like one wild ride when added to the trend chart along-side my usual suspects.
On JMBS, I took some advice from something Junkster noted in another thread. Floating rate and mortg…
But the HOSIX performance chart is sooooo beautiful. Straight across from bottom left to upper right. Please don't make me consider selling this yet.
Just....just look at that chart again. Positive returns in all 26 months. It's like som…
My post delete and your response crossed. Sorry. Your input though is appreciated, They made a bad bet with the preferred of Riley Financial and were called out on it months ago by noted short seller Marc Cohodes, This week the chickens came ho…
Reading, learning and re-learning stuff on this thread. Thanks, all. And @Junkster knows junk. Time to exchange my junk for something else.
@Crash, Not sure you should sell just keep an eye on it. If stocks rebound strongly the next couple weeks…
Thanks @Junkster, your response is much appreciated. So, in your opinion, where are the best of the bond categories as fed rates drop?
Pretty much everywhere especially the higher quality categories. Problem is most bond categories have already m…
@catch22, thank you for the data.
I have 3 bond funds in my portfolio that I have been putting maturing CD and treasury money into since late 2023. CSOAX has returned 5.2% YTD. RSIIX 4.8% and CBLDX 4.4%. I believe duration in that order. All on pa…
#As an update, John got your voicemail yesterday, is writing a letter, and will reach out.
Just got off the phone with John Connor. Very informative conversation from investing and the new Nordic fund to hiking. A really sharp guy and a real attri…
In response to the discussion board:
CrossingBridge has commented in investor letters of exposure to the Nordic bond market and reasoning for holding these investments among its strategies.
Over the next several months, CrossingBridge will prepare …
Re, the markets. Friday and today there were several weaker than expected economic reports. Yet, 10 year bond yields rose quite a bit both days. Not what you would expect. Here’s a quote below from Citi’s bond guy on maybe why. Not to mention t…
Seems a few here are reducing floating rates. Probably not a bad move. All the bond traders appear to be loaded to the gills in floating rate/CLOs, including me. So have been reducing there a bit if only because the boat seems so crowded. Bought…
As well as a big drop in oil prices too. Many recent economic indicators have shown weakness. Couple that with this week’s Barron’s cover story of no rate cuts by the Fed this year and you have the perfect contrarian storm. The tell should be Fri…
The future KKR bond fund sounds a bit like the fund I mentioned on May 1 on FD’s site that is heavy in ABS and the rest in non agency MBS and commercial MBS. Rarely has had a down day for some time now and everyone seems to be piling into as eviden…
@Junkster - We have a checking account through the Schwab Bank in addition to our brokerage trust and individual IRA accounts. Are there other checking options available at Schwab? Thanks- OJ
At TD I could write checks against what I had in cash i…
@junkster, Thanks.
>>>>>>Could you please elaborate what you meant by, "I received my checks for my taxable account as promised a few days before the transfer.”
