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To bad Charlie isn't around to read this. Schwab just announced that you can now search for bonds using the general search function below investment grade as long a they are rated above Caa1 and CCC+. From what I also understand you can check the availability of a split rated bond(B something/C something) as long as one rating is in the B category if you search with a CUSIP number.

This is similar to what was available in the past with investment grade bonds. If you used the general search function a split rated (investment grade/non-investment grade) would not show up. If you searched with a CUSIP number it would appear.

They now have a category of bonds titled "Sub-Inv Grade Corporates" in a drop down menu. Last fall Schwab also let you see the size and depth of the various offer prices. See my previous posts numbered 33510 and 33518.
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