Hot bonds
OTC Bond Opportunities (July)
Since Feb 2018, bonds and reits have fallen and have not recovered to Feb highs. With interest rates rising, they have fallen out of investor’s favour. Yet recently, many SREITS are now making 20 day highs, outperforming most SGX stocks. Like wise bonds have recovered slightly after long tenor bonds were beaten down.
I sold ASTREA IV S$242M4.35%B280614 (RMRB.SI) retail bond at 1.05 last friday. Nothing wrong with this bond, in fact, I like this bond (see http://wealthlions.com/2018/06/astrea-iv-4-35-retail-bonds/). 5% is more than one year’s coupon. The money can be channeled elsewhere.
Is OUE 4.25% 2019 at 101.50 cheap?
When it was clear to me at 8.54am this morning that OUE will not be calling back their OUE 4.25% 2019 on 30 Oct 2017, I bought my 2nd OUE bond today.
Bought OUE 4.25% 30Oct2019 at 101.40
I bought OUE 4.25% 30 Oct 2019 bond a couple days ago.