
Opinions
Paul Gardner, CFA
PIMCO Active Bond Exchange-Traded FundBOND
BOND-N
TOP PICK
Nov 09, 2023
$87.450
Stock price when the opinion was issued
investment companies
funds
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Telus bond. Maturity date: Jan 17, 2025.
The 2-year bonds are a really great area. Pretty good yield with little volatility and no stock market risk. The equity market's going to struggle over the next year or two. Higher for longer interest rates make it hard for the equity markets to rally. Yield is 5.57%.
Three years ago, this bond was yielding 2-3%, because rates were so low. Telus is BBB. Anything triple BBB-low and higher is defined as investment grade. Be careful of the price paid to an advisor when buying.