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Post by yogibearbull on Feb 6, 2024 16:56:28 GMT
django , I am using USFR (fewer holdings) that is similar to TFLO. Both hold Treasury FRNs whose rates reset weekly based on T-Bill auctions. M-mkt funds are also comparable to T-Bills. They lagged as the fed fund rates went up (so, T-Bills moved faster), and should lag when the rates head down.
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Post by django on Feb 6, 2024 17:43:21 GMT
django , I am using USFR (fewer holdings) that is similar to TFLO. Both hold Treasury FRNs whose rates reset weekly based on T-Bill auctions. M-mkt funds are also comparable to T-Bills. They lagged as the fed fund rates went up (so, T-Bills moved faster), and should lag when the rates head down. Vanguard M-mrt are comparable to T-Bills; Fidelity M-rt, not so much. I've been transitioning to TFLO at Fidelity.
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Post by chang on Feb 6, 2024 17:53:58 GMT
yogibearbull That's true, FMPXX is yielding 5.31%. If rates just hover, you are right it probably makes more sense to use this MM than to roll over T-bills. VMFXX/VMRXX yielding 5.27/ 5.28%. FMPXX however requires $1m to buy in. Edit: T-bill yields: 3M 5.34%, 6M 5.21%, 9M 4.98%, 1Y 4.83%, 2Y 4.38%, 3Y 4.16%, 5Y 4.04%. Yield curve still badly inverted. Why go long? fixedincome.fidelity.com/ftgw/fi/FILanding#tbcurrent-yields|median-yield
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Post by fishingrod on Feb 6, 2024 20:12:57 GMT
chang , VUSXX is state tax free I believe, like the T-bills. Unlike VMFXX, if that makes a difference, I can't remember. Time to go long is passed also, I think. It was a very short run-up, and a fairly quick buy in. Better to stay short and advantageously when the mid-bond market is wildly mis-priced and SEC yields are much higher again, start building the intermediate bond fund allocation%, perhaps. Kinda like pyramid up, but backwards.
I find every once in a while checking the relationship between price and yield, helps me to make assessments.
Sometimes the simplest of tools are best.
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Post by FD1000 on Feb 7, 2024 14:49:20 GMT
The nice thing about these funds is the fact you can select the risk/reward and probably the performance. schrts.co/KzJvEINCAll the managed funds have a good history. Then, if you have enough, you may say, well, CBLDX, RSIIX can make me 7-9% in 2024 and equities are expensive, why not invest more in them.
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Post by retiredat48 on Feb 7, 2024 15:49:28 GMT
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Post by FD1000 on Feb 14, 2024 14:59:31 GMT
Bonds? Nothing changed since early 2023. 1) I have been posting about RPHIX=best "sub" cash + CBLDX and RSIIX/RSIVX for months since 2022. These are not a "trade" it's already over a year. You can call a trade for anything shorter than 5 years. 2) TFLO = treasuries floating rate looks pretty good lately. 3) I posted to stay away from treasuries close to 2 years and several times this year. 4) I would not use PIMIX either because RSIIX may make 7-8% very smoothly in 2024 = The bird in the hand...and RSIIX pay higher distributions too. First Chart of PIMIX,VGIT,RPHIX,CBLDX,RSIIX shows that YTD...RPHIX=0.7...CBLDX=0.95...RSIIX=1.2...VGIT=-1.8...PIMIX=-0.7%. Basically, VGIT holder are already 3% behind RSIIX, and PIMIX is close to 2% behind. Attachments:
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Post by FD1000 on Feb 23, 2024 13:54:07 GMT
Another option lately if you don't want to buy bond OEFs and instead buy and ETF. See 3 months chart of RPHIX,VMFXX,CBLDX,RSIVX,JAAA ( schrts.co/uRsKxBdj) seekingalpha.com/article/4672301-jaaa-remains-a-strong-income-fund-even-as-rate-cuts-loom?mailingid=34432946&messageid=2850&serial=34432946.1961Summary * JAAA focuses on AAA-rated CLO tranches. * It offers investors a good 6.2% yield and has outperformed bond peers since inception at very low risk. * Yields should drop as the Fed cuts rates, but these seem likely to remain competitive.
In my opinion, JAAA's fundamentals remain reasonably strong, although the fund is likely to see lower dividends in the coming years. JAAA's competitive 6.2% yield and safe, stable holdings make the fund a buy.
Credit risk is extremely low, as these investments are senior to other tranches / investors. As per S&P, not a single AAA-rated CLO has ever defaulted, and the product has existed for several.
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Post by flipperxxx on Feb 23, 2024 16:49:48 GMT
Another option lately if you don't want to buy bond OEFs and instead buy and ETF. See 3 months chart of RPHIX,VMFXX,CBLDX,RSIVX,JAAA ( schrts.co/uRsKxBdj) seekingalpha.com/article/4672301-jaaa-remains-a-strong-income-fund-even-as-rate-cuts-loom?mailingid=34432946&messageid=2850&serial=34432946.1961Summary * JAAA focuses on AAA-rated CLO tranches. * It offers investors a good 6.2% yield and has outperformed bond peers since inception at very low risk. * Yields should drop as the Fed cuts rates, but these seem likely to remain competitive.
In my opinion, JAAA's fundamentals remain reasonably strong, although the fund is likely to see lower dividends in the coming years. JAAA's competitive 6.2% yield and safe, stable holdings make the fund a buy.
Credit risk is extremely low, as these investments are senior to other tranches / investors. As per S&P, not a single AAA-rated CLO has ever defaulted, and the product has existed for several.
i've held JAAA, just a bit to get a feel for it, and so far, no complaints.
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Post by FD1000 on Mar 1, 2024 21:12:04 GMT
Bonds? Nothing changed since early 2023. 1) I have been posting about RPHIX=best "sub" cash + CBLDX and RSIIX/RSIVX for months since 2022. These are not a "trade" it's already over a year. You can call a trade for anything shorter than 5 years. 2) TFLO = treasuries floating rate looks pretty good lately. 3) I posted to stay away from treasuries close to 2 years and several times this year. 4) I would not use PIMIX either because RSIIX may make 7-8% very smoothly in 2024 = The bird in the hand...and RSIIX pay higher distributions too. First Chart of PIMIX,VGIT,RPHIX,CBLDX,RSIIX shows that YTD...RPHIX=0.7...CBLDX=0.95...RSIIX=1.2...VGIT=-1.8...PIMIX=-0.7%. Basically, VGIT holder are already 3% behind RSIIX, and PIMIX is close to 2% behind. So far so good. YTD...VGIT -1.4...RSIIX +2% = 3.4% difference which is a huge difference in bond land. PIMIX at 0.1%. Attachments:
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Post by chang on Apr 25, 2024 7:34:53 GMT
My second T-bill matured last week at Vanguard. Given my unsuccessful (read "too early") experience with FTBFX/FBNDX, I am just leaving it in the VG core account ("settlement fund") VMFXX, which is yielding 5.27%.
VMRXX is yielding 5.28%, but the 0.01% difference isn't worth transferring it from core to a separate position.
RPHIX yield is probably a bit higher, and I do consider this as a "cash sub", but I want to keep the cash at VG. I also have FMPXX at Fido currently yielding 5.26%.
Anybody think I'm silly to just let cash stew in a money market, speak up ... I won't bite.
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Post by acksurf on Apr 25, 2024 12:34:02 GMT
My second T-bill matured last week at Vanguard. Given my unsuccessful (read "too early") experience with FTBFX/FBNDX, I am just leaving it in the VG core account ("settlement fund") VMFXX, which is yielding 5.27%. VMRXX is yielding 5.28%, but the 0.01% difference isn't worth transferring it from core to a separate position. RPHIX yield is probably a bit higher, and I do consider this as a "cash sub", but I want to keep the cash at VG. I also have FMPXX at Fido currently yielding 5.26%. Anybody think I'm silly to just let cash stew in a money market, speak up ... I won't bite. Do you have to maintain $1MM with Fido fund? I am in FZDXX (5.14%), RPHIX, RSIIX with the CDs and Treasuries that have matured over the last few months. Just one CD left. I trickle some money into core funds such as JQUA with the monthly income. Something to consider?
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Post by chang on Apr 25, 2024 12:48:48 GMT
My second T-bill matured last week at Vanguard. Given my unsuccessful (read "too early") experience with FTBFX/FBNDX, I am just leaving it in the VG core account ("settlement fund") VMFXX, which is yielding 5.27%. VMRXX is yielding 5.28%, but the 0.01% difference isn't worth transferring it from core to a separate position. RPHIX yield is probably a bit higher, and I do consider this as a "cash sub", but I want to keep the cash at VG. I also have FMPXX at Fido currently yielding 5.26%. Anybody think I'm silly to just let cash stew in a money market, speak up ... I won't bite. Do you have to maintain $1MM with Fido fund? I am in FZDXX (5.14%), RPHIX, RSIIX with the CDs and Treasuries that have matured over the last few months. Just one CD left. I trickle some money into core funds such as JQUA with the monthly income. Something to consider? You have to invest $1m to open a position, but you don't need to maintain a >$1m balance.
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Post by Birdman96 on Apr 26, 2024 2:47:41 GMT
Anybody think I'm silly to just let cash stew in a money market, speak up ... I won't bite. VG mmkt - easy money, what’s not to like?
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Post by richardsok on Apr 28, 2024 21:56:03 GMT
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Post by richardsok on Apr 30, 2024 13:25:49 GMT
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Post by anitya on Apr 30, 2024 15:41:02 GMT
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