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Yeah, I own the 2.05% over CPI bond (ISM). It trades very strangely (selling off today over 1% even though TIPS are up in price). I couldn't find a 2.15% over CPI bond, though, so I asked for the CUSIP.

I also own it and am also perplexed by the way it trades. Sometimes it trades with TIPS, and sometimes opposite, and sometimes it hardly trades at all. But I am more perplexed at how ISM and OSM trade relative to each other, being almost identical issues, from the same issuer, with the same rating, etc.

The ISM and OSM (and JSM fixed rate) are exceptions and are apparently the only tradable $25 face bonds from Sallie Mae. The rest of their bonds (what they call edNotes) only trade as regular bonds in units of $1000. For me, it is much much much (an order of magnitude) less expensive to trade these $25 face bonds than to trade "real" $1000 face bonds from Sallie Mae.
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