Reviewing Our Latest 9% Yielding Baby Bond Purchases
We picked up shares of a baby bond twice this week. Liquidity is usually pretty weak on the baby bonds, but there was a big enough seller present for us to push through quite a bit of cash. Between our purchases and our members purchases, the volume jumped higher. Thankfully, prices were steady on the first day, allowing members to get in within pennies of our entry price.
The second day we bought even more shares while exchanging one of our preferred share investments that had seen a dramatic rally over the last several months.
Shares have already begun to rally as investors take advantage of the favorable yield.