The Bond Dream Room

Discussion of the Bond portion of the Permanent Portfolio

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ochotona
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Re: The Bond Dream Room

Post by ochotona » Wed Jul 11, 2018 5:28 pm

What happened to the bond bear market?

https://www.schwab.com/resource-center/ ... cmp=em-QYD
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Re: The Bond Dream Room

Post by boglerdude » Mon Jul 23, 2018 7:04 am

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Desert
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Re: The Bond Dream Room

Post by Desert » Mon Jul 23, 2018 8:34 am

Nice! Finally seeing some positive real returns out there.
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Re: The Bond Dream Room

Post by dualstow » Mon Jul 23, 2018 8:44 am

Maturity of 1-5 years.
portfoliocharts now lets you carry data from one calculator to the next. And the woman in the photo has a nice thigh gap.
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Re: The Bond Dream Room

Post by boglerdude » Mon Jul 23, 2018 9:07 am

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dualstow
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Re: The Bond Dream Room

Post by dualstow » Mon Jul 23, 2018 9:49 am

Maybe it's not SEC yield?
While Yahoo's numbers always match up with the yield I'm getting on individual stocks, I don't know how they do bond funds.
If you hold VCSH for the "duration" (I mean average maturity in this case), you should get a decent overall yield.
Not pp-ready, of course, but a decent yield for your vp perhaps?
portfoliocharts now lets you carry data from one calculator to the next. And the woman in the photo has a nice thigh gap.
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Desert
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Re: The Bond Dream Room

Post by Desert » Mon Jul 23, 2018 10:05 am

A few more details, from Vanguard:
Average duration is 2.8 years, so there is some term risk, but not a lot.
Yield to maturity is 3.4%, SEC yield is 3.37%.
Definitely not a PP fund.
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Re: The Bond Dream Room

Post by dualstow » Mon Jul 23, 2018 10:32 am

For boglerdude, I suppose yield to maturity is the one to focus on. Is that right? I mean, when we really want to get a grasp of the yield we're going to get. (Of course long treasuries in the pp are all about duration).
portfoliocharts now lets you carry data from one calculator to the next. And the woman in the photo has a nice thigh gap.
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Re: The Bond Dream Room

Post by bedraggled » Mon Jul 23, 2018 10:46 am

What's up with the decline in 30-year Treasuries this morning?

Thanks.
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Re: The Bond Dream Room

Post by Desert » Mon Jul 23, 2018 11:00 am

dualstow wrote:
Mon Jul 23, 2018 10:32 am
For boglerdude, I suppose yield to maturity is the one to focus on. Is that right? I mean, when we really want to get a grasp of the yield we're going to get. (Of course long treasuries in the pp are all about duration).
I think that's right. And I assume yield to maturity and SEC yield should be very close. Here's a good description of SEC yield:
https://www.investopedia.com/terms/s/secyield.asp
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Re: The Bond Dream Room

Post by dualstow » Mon Jul 23, 2018 11:18 am

bedraggled wrote:
Mon Jul 23, 2018 10:46 am
What's up with the decline in 30-year Treasuries this morning?

Thanks.
I don't know if it's the only factor, but the WSJ says "on concerns of falling demand from abroad."
portfoliocharts now lets you carry data from one calculator to the next. And the woman in the photo has a nice thigh gap.
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Re: The Bond Dream Room

Post by Kriegsspiel » Mon Jul 23, 2018 11:26 am

I did notice that Russia dumped something like $50 billion of Treasuries recently in favor of gold. Japan and China both sold billions earlier this year as well, I don't know if that was a one time thing, or net for the year. So at least someone is not demanding them.
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