RE:RE:RE:RE:RE:RE:bonds trading at 46.00 The volume logged in finra is definitley not in Berlin.
have you tried to pick up some baytex 2024 notes trading at around mid 60s? Probably not, those aren't going to be easy to get either, but is sure is heck ain't because they are in berlin
the fact is, your retail brokers ain't going to have them...they will sell you the stuff from inventory, which when it comes to junk, but it won't be an especially wide selection.
like I said for TD, their junk menu is literally a PDF doc, with a several names, with various maturities. The current one is from dec 23. These, they list a ask price (the price they sell at) and no bid price.
the investment grade corporate stuff is pretty limited too, in term of actual companies, but they have a wider selection of maturities available and they do actively buy and sell these.
Maxmoe wrote: Hahaha Chris. For a guy that owns exactly 100 shares of ATH, maybe the problem is the minimum buy for a bond is $1000 face value . Those bonds are my hot button. I called and spoke to my discount brokers at TD and BMO twice each. Neither would even give me a quote. And Why T F the company didn't buyback the bonds last spring at $18 makes me apoplectic. If you use a real broker, not one of the bank owned discount brokers, try and buy some. Good luck and please post here which broker you used so I can open an account. The bonds don't trade on "the bond desk" they are listed and trade on the Berlin exchange, a second or third tier exchange.
Chris007 wrote: Again for TD, when I look at the High Yield section, the offerings are even slimmer
Air Canada
Bombardier
Parkland
Russel Metals
Sherritt
SNC
Transalta
I guess they don't have a very big inventory of junk bonds
Chris007 wrote: Probably not with discount brokers, anyway.
I'm with with TD and the only corporates I can see that are readily available for purchase are the usual investment grade stuff, that are more liquid (RBC, BMO, TD, CIBC, Telus, Bell, Rogers, Enbridge)
Nothing below BBB.
Primetime1 wrote: Is there any practical way for a retail investor to actually buy these bonds?