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Reply to: Buying Bonds
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Previously on "Buying Bonds"
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The bond market is pretty sh**te at the moment, to be honest you can get more in a building society. The longterm bonds also look overpriced. Saw some high coupon stuff such as Brazilian bonds trading about 20-30% above par. The best investments at the moment are selected shares.
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If it's this ISIN: XS0201270583 (2.35 % Euro Medium-Term Notes) , then you can see (from quotes.ubs.com)
the coupon is 2.35
Accrued Interest is 2.31,
so you would get 0.04, but because the bond price is above par (100.1) you'd make a 100 + 0.04 - 100.1 = 0.06 loss.
Long term GMAC bonds are dodgy, because of the uncertain future of the company (their pension obligations are more than the company is worth)
PS. If you know of a decent bond that I can put in my ISA, let us know. I've got 20k in a share isa sitting in cash, because there's f*all of value out there.
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For those who might be interested...
Basically the price quoted excludes the coupon, the so called clean price, the seller will then demand accrued interest corresponding to the amount of interest outstanding since the last coupon payment.
..aha now I understand.
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So how come is the rate of return calculated at 8% for a 6% coupon on issue price of 99.85.
Is that because only a part of the coupon is to be payed
The price is quoted on the stock exchange spread 100.1 to 99.5 (approx)Last edited by BlasterBates; 9 October 2006, 14:21.
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Originally posted by BlasterBatesThinking about the following bond:
GMAC LLC EO-MED.-TERM NTS 2001(06) INTL (748413)
Can't see any xc status.
There is seven days left price 100.1 on 99.85 basis.
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Thinking about the following bond:
GMAC LLC EO-MED.-TERM NTS 2001(06) INTL (748413)
Can't see any xc status.
There is seven days left price 100.1 on 99.85 basis.
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Originally posted by BlasterBatesAnybody bought bonds ?
If I buy a bond which is about to expire, do I get the coupon payment due and face value ,and how long does it normally take before they're settled up
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Originally posted by BlasterBatesAnybody bought bonds ?
If I buy a bond which is about to expire, do I get the coupon payment due and face value ,and how long does it normally take before they're settled up
Milan
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Buying Bonds
Anybody bought bonds ?
If I buy a bond which is about to expire, do I get the coupon payment due and face value ,and how long does it normally take before they're settled upTags: None
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