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Subject:  My YTD Buying Date:  1/26/2013  12:27 PM
Author:  globalist2013 Number:  34725 of 35877

We’re four weeks into the new year, and now is a good time to gauge how things are going as a way of estimating what the whole year might look like. Since the summer of 2009, I’ve been whining that the low hanging fruit was gone, that there were few opportunities still left in the bond market. But I kept being able to find bonds to buy. This year is turning out to be no different. The game is tougher. But buying opportunities are still showing up. YTD, I’ve added 9 new positions, with an average credit quality of spec-grade, at an average cost of about 88, with an average Current Yield of 10.0%, and an average YTM of 12.0%. In other words, decent enough money in today’s market.

Bought Mdy S&P CY YTM Price P/L
1 01/07/13 Caa1 CCC 15.1% 17.1% 75.995 3%
2 01/10/13 B3 BB- 7.7% 7.5% 101.250 -2% <