Like this one from Case Western Reserve University Matures on June 1, 2122 That's not a typo Not much volume right now...
very good school. you know these are corporate bonds, right? harvard reglarly issues 30 years. mit has 100 years bond, 575718AF8, 500m, due 2116, they are not liquid.
And don’t rush into education sector bonds, it’s a wash. https://www.bloomberg.com/news/arti...eals-depth-of-higher-ed-distress?srnd=premium Like scores of smaller, less-prestigious schools before it, plummeting enrollment pushed Cazenovia to the point where it couldn’t pay back the $25 million it owes creditors. Now, as the 200-year-old institution in rural upstate New York embarks on the tough task of winding down and liquidating, Cazenovia serves as a useful reminder of the challenges that other troubled colleges could face in the ever-widening shakeout of higher-ed in America — and for Wall Street as investors pick apart the school’s assets.
I had a email invite from a US Southern Bank offering 5.6% on a one year cd. Maybe the term is too long? 6 months for 5.45 is good.
i benchmark every fixed income trade with comparable t, rarely in the cds, bought 1-m cd twice this year, in jan and apr, slightly above the t because the svb funding scare. 6 months is too long for me, holding cash to buy major dips in the index. alternative you can play around zt and zn, 125 buck in less than 30 minutes hold, margin 1.6k, that is 7% total return.
Case Western Reserve University has an unusual deadline, I agree. This may indicate long-term planning for the university. This is an example for others.