I always like certainty–and of course we seldom have much of it–there is always something happening in the world that gives one a bit of hesitation.
Right now we are seeing that hesitation in the markets–no one is trying to move markets up or down much–although we ARE seeing a bit of a flight to safety in the 10 year treasury as the yield is now down 7 basis points and trading at 4.30%. We’ll have to see if this holds through the afternoon as we await the next ‘shoe to drop’ in the middle east.
Right now I continue to plan to make at least 1 buy this week–my pattern for the last couple of months, but I am awaiting news (I am always waiting on news–more data–more bombs or no bombs).
I will be buying from this list–whether I add to my Affiliated Managers position (I own the MGR 5.875% issue) or initiate a new position I don’t know yet—but 7% seems a bit too good to pass up–with potential for capital gains no matter what one buys (and if wrong about interest rates then capital losses).
I would suggest that UTG, a utilty CEF is a worthy consideration. Currently paying 6.78 % yield after today having raised their dividend by 5.3%. Selling for -1% NAV. Monthly payer, having paid a dividend since 2004. First-time contributor, longtime lurker.
Tim,
Any reason you don’t include MGRE on your list? It has the highest coupon, and the highest CY – also the highest price, so less cap gains possible, but with maturities +/- 2060, I don’t see any of them being called anytime soon.
Actually, I don’t see it in the list of securities under the AGM list either…..although it is on the BB’s list.
Tim, does CRBD fit your bill?
pretty close to same yields, but I went with lower coupons, as I wont touch the investments… probably ever. All-I, AFGE, PSA-J, RNR-G, WRB-H.
Mr Conservative-Thanks for the suggestion on Corebridge–I am going to look it over and see if I should add It to the list–no very familiar with them.