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@letgoletgod2911 Shhhh....don't give away his 65% annual rate secret.

@cesaronline Thank you. I just want to point out that higher rate J&J bond is "Make Whole Callable" which I never heard of till yesterday, and can be called at some price in Jan 23 at a price calculated at that time. So the only one that has me stumped is the J&J 1 year paying 4 percent roughly...

@ryukyu Interesting point. You may have nailed it. These show up today on vanguard, but maybe they’ve been sitting there for months at unreasonable prices since vanguard isn’t exactly a major bond brokerage.

@leejr Ok thanks. I now realize only one of them is non-callable, and that is a J&J expiring 11/15/23 with a coupon of 6.75, and the bid ask is huge with 102.5% to 105.8% as bid ask, but even at bid it is only 4.035 yield to maturity, so still way less than Treasury, so I'm still confused.

@tomaspianist Thanks but those are yields to maturity based on current bid/ask on the bond, plus coupon amount if any. They show the actual bid asks when you click on those, and highest (ignoring callable bonds) is a Johnson and Johnson paying 4.034 IF you were to get the bid price. It has a...

@puretruth7 Vanguard shows yields based on current bond value (bid asks separate), not the face, but the only one of the few available that is not callable (which messes up valuation) is a J&J that pays just over 4.03 at the bid, and way less at ask. Both bid and ask are over 100% however...

I can't undertand why anyone would risk a corporate bond default, when you can buy US Govt Treasuries with a full 1% higher interest rate. Am I missing something? Maybe large fund prefer corporates for some reason? Or maybe Corp Bond ETFs are having a hard time finding bonds so they are...