Another limit order filled.

music selection:  “I Keep Forgettin'” — Michael McDonald

weigh-in:  216.4 +0.4, stupid #holidayeating

I  have added the Midstates Petroleum 01OCT2020 maturity, 10.75 coupon bond to my holdings.  Pricing was at 13.600.  If this one is money good it will be a homerun.  If it defaults and pays the average 40% on the dollar in liquidation, I still do very well thanks to the low pricing.

I also stink bid four new “B” rated bonds:

Avon Products, 6.350 coupon, 15MAR2020 maturity, 70.300 bid.

Transocean, 6.500 coupon, 15NOV2020 maturity, 69.352 bid.

Weatherford, 5.125 coupon, 15SEP2020 maturity, 75.954 bid.

Toys R Us, 8.500 coupon, 01DEC2017 maturity, 82.650 bid.

These were all bid with good till canceled orders at 95% of the existing market bid. It will probably take a couple weeks for most of them to fill.  You have to be patient when bidding on bonds due to the low liquidity.

Devour your prey raptors!

New Discounted Bonds

Never miss another opportunity to devour prey!

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