Sold a bunch of junk bonds today

By – – No Comments

I decided to take profits in a variety of junk bonds today, raising my cash to 43%:

HECKMANN CORP SR NT 9.87500% 04/15/2018
BEAZER HOMES USA INC SR NT 9.12500% 06/15/2018
HOVNANIAN K ENTERPRISES INC 8.62500% 01/15/2017 SR NT
FIRST DATA CORP SR SB NT 11.25000% 03/31/2016
ENERGYSOLUTIONS INC/ENERGYSOLU 10.75000% 08/15/2018 SR NT
DYNCORP INTL INC SR NT 10.37500% 07/01/2017
ALLIANCE HEALTHCARE SRVCS INC 8.00000% 12/01/2016 SR NT
EXIDE TECHNOLOGIES SR SECD 8.62500% 02/01/2018
RADIAN GROUP INC SER NTS MAKE WHOLE 5.375% 06/15/2015

The profits ranged from 6.5% to 67% plus accrued interest. Some bonds I could not sell due to lack of a market at the time I was selling. I’m also holding a number of losers, including OSG bonds which are beginning the bankruptcy process. I look forward to investing the cash in the near future.

Previous Posts by Scavenger
Sold JVA (+9%)
0 comments

Comments are closed.


Major US US Futures Europe Asia Commodities 2yr Euro Yields 10yr Euro Yields Oil
  • DOW 15,335.30 -0.12%
  • NASDAQ 3,496.43 -0.07%
  • S&P 500 1,666.29 -0.07%
  • VIX 13.02 4.58%
  • SPX 500 (CFD) 1,665.90 -0.02%
  • DOW (CFD) 15,339.00 0.02%
  • NASDAQ 100 3,022.40 0.05%
  • EURUSD 1.289 0.04%
  • UK 6,753.30 0.48%
  • GERMANY 8,453.30 0.69%
  • FRANCE 4,022.80 0.54%
  • SPAIN 8,514.50 -0.78%
  • H. KONG 23,386.00 -0.46%
  • JAPAN 15,351.50 -0.06%
  • KOREA 1,978.72 -0.19%
  • SHANGHAI 2,296.60 -0.15%
  • NAT GAS 4.10 0.32%
  • GOLD 1,390.10 0.43%
  • SILVER 22.66 0.37%
  • COPPER 3.35 -0.30%
  • FRANCE 2YR 0.19 -10.90%
  • GERMAN 2YR -0.01 82.76%
  • ITALIAN 2YR 2.18 27.59%
  • SPAIN 2YR 2.81 8.21%
  • FRANCE 10YR 1.88 1.08%
  • GERMAN 10YR 1.38 3.77%
  • ITALIAN 10YR 3.90 -2.04%
  • SPAIN 10YR 4.19 -0.33%
  • WTI 96.89 0.19%
  • BRENT 105.04 0.23%
  • WTI/BRENT 8.15
  • 321 CR SPR 21.96 10.04%