Re: Bond Trading
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Also, a factor in my countrywide trade that I didn't mention is the lack of buyers in the market thus making supply/demand another big factor. I can take advantage of people's risk aversion levels by offering a lower price that they should sell it for because they want to get it off their books.
A lot of their bonds, though rated as BBB+ and the like, are trading at yields higher than a lot of junk bonds (in exces of 12%).
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??? You're new to bonds, yet all of a sudden you're smarter than all those bond traders that won't touch that stuff with a ten foot pole?
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i don't get this comment...he seems to want to learn about bonds and is entering the market selectively during times of extreme dislocation. and he's on the floor.
he never said he's smarter than all bond traders or any othe rpro bond traders.
the great thing is that there are many people who don't want to touch these bonds with a 10 ft pole...gives great opportunity to scoop up deals.
Barron
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