Is JPM doing anything like Goldman Sachs did back then, as depicted by Margin Call? If so, there's nothing to worry about. JPM is prolly a lot smarter than Lehman Bros., which moved too late to save their own skin.
It’s likely free money (less your carrying costs). But bond trading is tricky because if rates go up, you will lose opportunity cost. you also have liquidity risk.
Guess you are pretty much locked into holding longer now after what happened today unless you like to sell at a loss....
%% LOL those first 3 had an unusual amount of bad news \ fines, losing lawsuits on them, especially LEH, WFC. WFC cant seem to stay out of trouble with FED. I never did think all the card playing of Bear CEO hurt them\ but it seemed to bother some people. When asked why JPM paid such a low price for BEAR, JPM said ''you dont pay up for a house on fire'' LOL
I didn’t buy it. I’m laddering T bonds with near-term maturities. I took the essentially-practically-almost-certainly risk-free US Treasury issues. i actually took your advice (thank you). Those Corporates carry a bit too much risk, and I don’t want to deal with them being called. I might soon graduate to agency issues for the tax benefits.