rtmark
LearnBonds.com

Big Bad Bond Index Rises 1 Point, Lead By Boeing (BA) & GE

The Big Bad Bond Index (BBBI), which tracks high grade corporate bonds, slightly rose closing at  1,152.70.  This means the average bond in the index was trading at $1,152.70 based on the last trade of the day. Twenty one bonds ended higher and eight lower. The average yield fell 0.2% to 2.28%.

The biggest gainer on the day was Boeing’s (BA) 4.875% coupon bond maturing 2/2020 which gained over  $20 per $1000 face value bond. Boeing’s stock ended the day a hair below yesterday’s close. The only news surrounding Boeing was an article in Bloomberg about their pension plan potentially being underfunded,  as a result of the low-yield bond environment. Other large gainers included bonds from Merck (MRK) and AT&T (T) and GE.

The big loser of the day was Alcoa (AA). Its 5.4% coupon bond maturing 4/2021 lost over $30. While there was no news on Alcoa today, its bonds have been on a topsy-turvy ride recently. Perhaps the bond of this highly cyclical aluminum producer is  moving up and down with the perceptions of global economic growth.  The bonds of Caterpillar (CAT) and Phizer (PFE) had down days.

The yields on shorter maturity treasuries were basically unchanged for the day. While, 10 and 30  year treasury bond yields rose 0.02 and 0.03% respectively. All around a slow day for the bond market.

Trusted & Regulated Stock & CFD Brokers

Rating

What we like

  • 0% Fees on Stocks
  • 5000+ Stocks, ETFs and other Markets
  • Accepts Paypal Deposits

Min Deposit

$200

Charge per Trade

Zero Commission

Rating

64 traders signed up today

Visit Now

75% of investors lose money when trading CFDs.

Available Assets

  • Total Number of Stocks & Shares5000+
  • US Stocks
  • German Stocks
  • UK Stocks
  • European
  • ETF Stocks
  • IPO
  • Funds
  • Bonds
  • Options
  • Futures
  • CFDs
  • Crypto

Charge per Trade

  • FTSE 100 Zero Commission
  • NASDAQ Zero Commission
  • DAX Zero Commission
  • Facebook Zero Commission
  • Alphabet Zero Commission
  • Tesla Zero Commission
  • Apple Zero Commission
  • Microsoft Zero Commission

Deposit Method

  • Wire Transfer
  • Credit Cards
  • Bank Account
  • Paypall
  • Skrill
  • Neteller

Rating

What we like

  • Sign up today and get $5 free
  • Fractals Available
  • Paypal Available

Min Deposit

$0

Charge per Trade

$1 to $9 PCM

Rating

Visit Now

Investing in financial markets carries risk, you have the potential to lose your total investment.

Available Assets

  • Total Number of Shares999
  • US Stocks
  • German Stocks
  • UK Stocks
  • European Stocks
  • EFTs
  • IPOs
  • Funds
  • Bonds
  • Options
  • Futures
  • CFDs
  • Crypto

Charge per Trade

  • FTSE 100 $1 - $9 per month
  • NASDAQ $1 - $9 per month
  • DAX $1 - $9 per month
  • Facebook $1 - $9 per month
  • Alphabet $1 - $9 per month
  • Telsa $1 - $9 per month
  • Apple $1 - $9 per month
  • Microsoft $1 - $9 per month

Deposit Method

  • Wire Transfer
  • Credit Cards
  • Bank Account
All trading carries risk. Views expressed are those of the writers only. Past performance is no guarantee of future results. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. This website is free for you to use but we may receive commission from the companies we feature on this site.
Avatar