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To: hdl who wrote (215852)	1/21/2003 5:17:58 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 436258

hdl, Nah, you won't see bonds trading on the Net. The market is totally a dealer market. BTW, you pay more for the bonds at a discounter, as they have to buy them from a major house, so you get two markups. The cheapest price is with whoever has the inventory, and that is usually the top ten bond brokers.

To: hdl who wrote (215852)	1/21/2003 10:50:33 PM
From: LLCF	Read Replies (1) \| Respond to of 436258

<you pay the same for a bond at par as you do for one trading at 20% of par. so, you pay 5 times as much in commissions for the same purchase amount. besides, you get killed by the spread> 1.) You should only be paying the spread with zero commish. 2.) I don't pay commish :) [pay an annual fee and trade free]... everything, Canadians, whatever. 3.) When things settle down [ie. the bonds have been trading in a range for a while, spreads can get very tight... ie. ELN, PCS and other large telecoms, SEPR... large issues aren't bad IMO. 4.) You have to go with a decent size house that makes markets in bonds most likely. DAK