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!