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2 year low coupon bonds trading at discount to par

Gilts, bonds, and interest-bearing shares
hind
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2 year low coupon bonds trading at discount to par

#557283

Postby hind » December 26th, 2022, 10:16 am

Any very low coupon ~2 year bonds trading below par please ?
As after some capital returns rather than income, know of TN25 and zeros so far

mc2fool
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Re: 2 year low coupon bonds trading at discount to par

#557291

Postby mc2fool » December 26th, 2022, 12:27 pm

https://reports.tradeweb.com/closing-prices/gilts/ has all gilts in issue. You'll need to register but there don't seem to be any negatives for doing so (no spam emails or the like). The presentation is somewhat fixed but you can download the lot into a spreadsheet and then sort and/or filter etc as you like.

Depending on what you call "very low coupon" TG25 looks like the only other one around 2 year ish.

UNITED KINGDOM(GOVERNMENT OF) 0.625% SNR BDS 07/06/2025 GBP1000 Closing Price £0.9326

You have a broker that lets you deal strips? Bills too?

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Re: 2 year low coupon bonds trading at discount to par

#557418

Postby hind » December 27th, 2022, 1:37 pm

Thank you mc2fool
Was hoping there was an investment grade bond out there issued when rates were low, so could take a little credit risk over gilts in the form of a slightly wider discount, but appears not
As I understand it strips are still income
Plenty of low coupon US bonds but by time hedge fx at ~1%, nothing gained there over gilts

gpadsa
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Re: 2 year low coupon bonds trading at discount to par

#563732

Postby gpadsa » January 24th, 2023, 6:00 pm

mc2fool wrote:https://reports.tradeweb.com/closing-prices/gilts/ has all gilts in issue. You'll need to register but there don't seem to be any negatives for doing so (no spam emails or the like). The presentation is somewhat fixed but you can download the lot into a spreadsheet and then sort and/or filter etc as you like.

Depending on what you call "very low coupon" TG25 looks like the only other one around 2 year ish.

UNITED KINGDOM(GOVERNMENT OF) 0.625% SNR BDS 07/06/2025 GBP1000 Closing Price £0.9326

You have a broker that lets you deal strips? Bills too?

Today tradeweb has lots of "N/A", is that a common occurrence?

UKT 0.625 06/25 23/01/2023 GB00BK5CVX03 Conventional 0.625 07/06/2025 N/A N/A N/A N/A N/A

gpadsa

mc2fool
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Re: 2 year low coupon bonds trading at discount to par

#563737

Postby mc2fool » January 24th, 2023, 6:52 pm

gpadsa wrote:
mc2fool wrote:https://reports.tradeweb.com/closing-prices/gilts/ has all gilts in issue. You'll need to register but there don't seem to be any negatives for doing so (no spam emails or the like). The presentation is somewhat fixed but you can download the lot into a spreadsheet and then sort and/or filter etc as you like.

Depending on what you call "very low coupon" TG25 looks like the only other one around 2 year ish.

UNITED KINGDOM(GOVERNMENT OF) 0.625% SNR BDS 07/06/2025 GBP1000 Closing Price £0.9326

You have a broker that lets you deal strips? Bills too?

Today tradeweb has lots of "N/A", is that a common occurrence?

No idea, not seen that before but I don't look at it at all often. However, it seems to be a yesterday's data problem, if you select for Friday's data, 20/01/2023, it all seems to be fine.

gpadsa
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Re: 2 year low coupon bonds trading at discount to par

#563950

Postby gpadsa » January 25th, 2023, 6:14 pm

It has come back to life today
UKT 0.625 06/25 24/01/2023 GB00BK5CVX03 Conventional 0.625 07/06/2025 94.243 94.327135 3.170267 2.312605 0.084135

gpadsa

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Re: 2 year low coupon bonds trading at discount to par

#564423

Postby gpadsa » January 27th, 2023, 8:44 pm

And now the missing data, previously 'N/A' have appeared

UKT 0.625 06/25 23/01/2023 GB00BK5CVX03 Conventional 0.625 07/06/2025 94.059 94.141418 3.251672 2.314363 0.082418

gpadsa


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