Sharesies to start trading NZDX bonds

[Raven]

"Bonds are coming to Sharesies — apply for the Ryman Healthcare bond offer

Bonds are coming to Sharesies, giving you a new way to invest alongside your shares!

We're excited to be starting our rollout with a Ryman Healthcare Limited (Ryman) Bond Offer. Starting next week, we'll be opening up limited NZ bond transfers and expect to support bonds buying and selling in July."

Might be an interesting addition to fixed interest options once they are properly up and running to allow trading. It looks like they are sort of "fractionalizing" bonds by allowing minimum $1000. I suppose anything that improves NZDX liquidity can't be all bad

[Plata]

Hard to see why anyone would buy anything on the NZDX (6.35% highest yield I could see at a glance, for FLETCHER building no less) and risk your money when you can get government guaranteed term deposits at almost 5%?

[Raven]

Yes I agree. Recent commercial bond yields don't have enough of a yield premium to entice me, although they have in the past. At least a bond is theoretically liquid whilst a bank term deposit is not, although you can often break them.