Why didn't my bond order fill?

[Overnight]

They're too big to fail. Letting JP Morgan go under is tantamount to allowing the US Dollar being replaced by bitcoin.

Is JPM doing anything like Goldman Sachs did back then, as depicted by Margin Call? If so, there's nothing to worry about.

JPM is prolly a lot smarter than Lehman Bros., which moved too late to save their own skin.

 

[M.W.]

At this juncture I tend to agree. If you hold to maturity that is. What tenor again?

They're too big to fail. Letting JP Morgan go under is tantamount to allowing the US Dollar being replaced by bitcoin.

 

[newwurldmn]

They're too big to fail. Letting JP Morgan go under is tantamount to allowing the US Dollar being replaced by bitcoin.

It’s likely free money (less your carrying costs). But bond trading is tricky because if rates go up, you will lose opportunity cost.

you also have liquidity risk.

 

[M.W.]

Guess you are pretty much locked into holding longer now after what happened today unless you like to sell at a loss....

They're too big to fail. Letting JP Morgan go under is tantamount to allowing the US Dollar being replaced by bitcoin.

 

[murray t turtle]

This is not Lehman, Bear, Wells, or even Morgan Stanley--this is JPMC!

%%
LOL those first 3 had an unusual amount of bad news \ fines, losing lawsuits on them, especially LEH, WFC.
WFC cant seem to stay out of trouble with FED.
I never did think all the card playing of Bear CEO hurt them\ but it seemed to bother some people.
When asked why JPM paid such a low price for BEAR, JPM said ''you dont pay up for a house on fire'' LOL

 

[M.W.]

How is that awesome JPM bond performing so far?

I placed a 100k order for a corporate JPM bond at about 1pm and it didn't fill.

I crossed the spread and took the offer, so it wasn't a pricing issue.

The order just sat there for five hours.

Why didn't it fill? Some possible reasons:

1. The spread was very tight. I hate big spreads, and so picked a bond with a tight spread.
2. Low dollar amount. Most of these bonds trade in the millions, if not more.
3. Too late in the day. Maybe I will have better luck placing in the early morning?

tyvm

 

[kmiklas]

How is that awesome JPM bond performing so far?

I didn’t buy it. I’m laddering T bonds with near-term maturities. I took the essentially-practically-almost-certainly risk-free US Treasury issues.

i actually took your advice (thank you). Those Corporates carry a bit too much risk, and I don’t want to deal with them being called.

I might soon graduate to agency issues for the tax benefits.