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Message
Bond funds today
Posted on 12/12/12 at 6:26 pm
Posted on 12/12/12 at 6:26 pm
Why did a lot of my bond mutual funds take a crap today? 
3
Posted on 12/12/12 at 6:33 pm to Mercy Percy
Mine went down only .08 
Posted on 12/12/12 at 6:33 pm to Mercy Percy
The ten year bond yield went up almost 3% today as a result of the Fed's announcement.
Bond mutual funds' NAV is inverse to yield. Yield goes up, NAV goes down.
Bond mutual funds' NAV is inverse to yield. Yield goes up, NAV goes down.
Posted on 12/12/12 at 7:39 pm to LSURussian
Hm, maybe I refinanced at the right time after all. 
Posted on 12/12/12 at 8:04 pm to foshizzle
maybe so! 
Posted on 12/13/12 at 12:51 am to LSURussian
Is it because of headlines like "Fed to launch bond buying -- The goal is to reduce long-term interest rates?"
My PIMCO and Vanguard got dinged badly.
My PIMCO and Vanguard got dinged badly.
Posted on 12/13/12 at 9:06 am to Mercy Percy
Capital gains distribution???
Posted on 12/13/12 at 1:23 pm to tigerrocket
quote:
Capital gains distribution???
This, PIMCO paid cap gains today after striking NAVs yesterday. Also the curve had a pretty strong bear steepening, however I doubt we'll see rates rise any more at all until the fiscal cliff negotiations are concluded.
Speaking of, it's looking like it'll be another 2-step deal. With one mini deal to keep us from going over with another set-up for a grand bargain in 2013.
Posted on 12/13/12 at 1:36 pm to foshizzle
So rates will be going up? I'll be buying a home within the next 6 to 12 months if I land a job.
Posted on 12/13/12 at 1:40 pm to wegotdatwood
quote:
So rates will be going up?
I wouldn't assume this until negotiations are finished. Also rates are anchored on the front end and there are "limits" on how steep the curve can get because investors will take advantage of any sort of curve roll-down they can get.
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