The average yield to maturity from the HE00 index has compressed to 9.49%, from the wide of 11.97% at the end of November.
It is worth noting that the average yield to maturity does not include fees and expenses.
One, the yield to the worst call date is much better than yield to maturity of a non-callable bond (aka, bullet bond).
Keenan bought the bonds at around 85 cents on the dollar, for a yield to maturity of 15%.
The initial price thinking for the 2021 maturity was a 5% coupon to yield 3.20%.
In bond-market lingo, the bond now has a "yield to maturity" of 2%.
Yield to maturity is the measurement most often used, but it is important to understand several other yield measurements that are used in certain situations.
The yield to the 2014 call is 4.3% and 5.6% to maturity if you pay 109.45.
Most Treasurys cannot be called in early, meaning that if you hold one to maturity you will get the yield you bargained for.
As said above, yield to maturity (YTM) is the most commonly cited yield measurement.
The Vanguard Total Bond Market Index Fund has a yield to maturity of 1.6%, scarcely enough to keep up with inflation.
Its 7.25s of February 2011 are trading at 78 cents on the dollar, for an 11.3% yield to maturity, 6 percentage points better than Treasurys.
The deferred September 2012 maturity rose lowering its implied yield to 0.80% and close to a contract high reached in November when its implied yield slipped to 0.73%.
Yield to maturity on emerging-market debt as measured by the JP Morgan EMBI Global Diversified Index is roughly 5.37%, compared with roughly 2% for the U.S. 10-year Treasury bond.
The February 2021 maturity narrowed the yield gap over benchmark treasuries by three basis points to 86 pips.
The 5.5% Ginnie Mae (Government National Mortgage Association) with a final maturity in 2036 is priced at 99.6 cents on the dollar to yield 5.6%.
"Speaking in terms of JGB investments, investors who need yield will ultimately extend the maturity of JGBs they are buying, and those who don't want to do that or can't do that will buy other things like foreign bonds or credit, and in some cases equity, " said Kenji Sakaguchi, chief investment officer at Prudential Investment Management Japan Co.
Buy the CIT Group 7% due May 1, 2015 CUSIP: 125581FV5 at 100 for a 7% yield to maturity.
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