Dan, I agree there are listed bonds that people can track and follow, but people say those prices are for $1MM deals. Also the rules are not as strict as for stocks. They do not have to report all trades and all prices.My broker quoted me a 6% spread the other day when I tried to buy more US Timberlands 07. We used to think 3% was a big commission for stocks (and bond trades were supposed to be cheaper). I would say not any more. Brokers are trying to bring in some cash whereever you want. Its tough days on Wall Street--even for brokers. Bonus checks this year will be small or non-existant. Layoffs are likely.If anyone knows a broker who will trade listed bonds at the listed price, please post it. (My experience is--as with any thinly traded stock, your order always moves the market price against you.)
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