iShares Lehman 1-3 Year Treasury Bond (SHY)
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- All Comments on SHY
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- A 360 View of Returns (July 2008) [view article]
- Bond Expert: Wednesday Outlook [view article]
- Interrelation of Asset Classes: A Few Market Themes [view article]
- Report from the Bond War Frontlines [view article]
- Bond Expert: Wednesday Wrap [view article]
- Tweaking the Global T-Bill Theory [view article]
- Why I'm Against Fixed Income ETFs [view article]
- Fixed Income: Little Value in Treasuries, Preferred Financials Yielding 8% [view article]
- Bond Ladders vs. Layering with Bond Funds [view article]
- Searching for the Best Bond ETF [view article]
- The Highest Yielding Cash Products [view article]
- Bond Expert: Tuesday Outlook [view article]
loading ...Recent SHY Articles
- Bond Expert: Wednesday Outlook
- Report from the Bond War Frontlines
- Bond Expert: Wednesday Wrap
- Interrelation of Asset Classes: A Few Market Themes
- Tweaking the Global T-Bill Theory
- Fixed Income: Little Value in Treasuries, Preferred Financials Yielding 8%
- Bond Ladders vs. Layering with Bond Funds
- A 360 View of Returns (July 2008)
- Searching for the Best Bond ETF
- The Highest Yielding Cash Products
- Full List of Articles »
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Fixed Income: Little Value in Treasuries, Preferred Financials Yielding 8% [view article]
thoroughbred,Yes, it makes sense for now.
Also, nice article.
CrossProfit Reply
Fixed Income: Little Value in Treasuries, Preferred Financials Yielding 8% [view article]
Dunn, I had both the GM pfd as well as the F pfd, I just have zero confidence in either, and beside that, those 2 have gotten many recommendations as a better place to hide if you want long term exposure to GM and F so I think there are many novice investors there, if it starts to drop I don't believe they will hold for the long term and would make the drop much worse than it would need to be. Does that make sense? ReplyFixed Income: Little Value in Treasuries, Preferred Financials Yielding 8% [view article]
thoroughbred, do you have GJM- GMAC preferred around 11.75, yielding 16%? Are they going away? ReplyBond Ladders vs. Layering with Bond Funds [view article]
Am I missing something? If I want bonds I just buy nuveen muni-bond closed-end etf's that now yield 5.5-6% federal tax free--like nqs. I think I have seven or eight of them. Avg duration about 7 years. They have some problems with leverage/auction-rate stuff but nuveen will cut through that I think---they've been around awhile. ReplyFixed Income: Little Value in Treasuries, Preferred Financials Yielding 8% [view article]
so remind me why anyone would not do a simple etf like TIPS which is AAA instead of something with less yield? ReplyBond Ladders vs. Layering with Bond Funds [view article]
Greetings Mr. Shaw,You are as gentlemanly, as you are informative. Boy, ETFs come out so fast it is hard to stay abreast. I hope it sees some volume too.
Do you have any recommendations about good bond brokers outside of Treasury Direct, say for Zero coupon bonds and corporates? There is an article on here by Larry Swedroe about the hidden mark-up on bonds in the secondary market that was a real eye-opener:
seekingalpha.com/artic...
Thanks. Cheers from Osaka,
john Reply
Fixed Income: Little Value in Treasuries, Preferred Financials Yielding 8% [view article]
WPK is my number four holding (3.02%) after GE (10.45%), money market (7.33%), a Jan09 4.5% CD (6.79%) and FCX (3.32%) After that is BRKB 2.71%, CTEW 2.29%, KO 2.16%, DD 1.6%, USB 1.55%, and then DTT the other pfd I still hold at 1.53% ReplyFixed Income: Little Value in Treasuries, Preferred Financials Yielding 8% [view article]
I held over 12 financial pfds this year going into July, I felt like they were a better place to hide then most financial equities. They day after I got scared and liquidated in my last financial equity (GS) at 164 I realized I was wrong. I took a hard look at my positions, I closed all but two of my pfds and switched into bank stocks... mostly USB, BAC, and on a lark I bought some WB. I am still holding them, although I have traded WB back and forth once. For PFDs? I have taken what was an average position size of about 1% of my portfolio and liquidated most of them to buy the equities... I have also however boosted 2 particular PFDs into top ten holdings. ReplyBond Ladders vs. Layering with Bond Funds [view article]
Thanks John,Your right, that is a possibility.
We need to see how PLW develops. Currently it is less than 1 year old and has only $43 million in assets with thin trading.
www.invescopowershares...
After it matures, it may work for those with Treasuries in mind for their ladder. However, with a 25 basis point fee, and with individuals able to buy Treasuries easily without the need to do credit quality research, the fee may be hard to justify versus building the ladder through direct investment.
In a low interest rate environment, 25 bpt is a significant bite out of return, and with a Treasury ladder there isn't much work to do to create it and keep it up. Treasury ladders are probably a good do-it-yourself candidate.
The fund does simplify, but the cost of that simplicity is high.
John, I was not aware of that particular fund, and appreciate hearing about it, as well as your kind words.
Richard Reply
Bond Ladders vs. Layering with Bond Funds [view article]
Nice article, as always. I think there is a Ryan index laddered 1-30 treasury ETF, ticker PLW. This may simplify things considerably.cheers,
john Reply
Fixed Income: Little Value in Treasuries, Preferred Financials Yielding 8% [view article]
better but far from good.as per info on this site the inflation rate of the 5 daily basic needs is app. 15-16%.so if you are working & not a ceo or hedgefund manager you better get a17-18% increase just to stay even. ReplyFixed Income: Little Value in Treasuries, Preferred Financials Yielding 8% [view article]
The expense ratio for PFO is 1.56%! Ouch! ReplyFixed Income: Little Value in Treasuries, Preferred Financials Yielding 8% [view article]
Also look at HPF and PFO - 2 closed end funds that do nothing but pfd stocks....better yields and you get "active" management ReplyFixed Income: Little Value in Treasuries, Preferred Financials Yielding 8% [view article]
Corporate bonds offer a decent alternative--higher yields than Treasuries, less risk than high-yield bonds. Seven percent is pretty easy to get with A-rated bonds. ReplyFixed Income: Little Value in Treasuries, Preferred Financials Yielding 8% [view article]
I have been building a portfolio of financial preferreds for about 3 months, the avg. cost in my portfolio is just under $17 and all were issued at $25, the yield on the portfolio at my cost is 9.97%, I allocate a specific dollar amount into each name, if I have 2 defaults my cost basis (assuming I sell 2 positions at zero) would be $19.02. Reply