Mag 7 bonds for balancing portfolio

Anyone had a look at Google,Amazon and co. bonds?
Are they a good idea for the bond part of a portfolio? I never looked at it because they are USD denominated, but maybe someone more American centric does?

Hmm, I used to know someone who calculates things always in USD.*

Personally I never considered such bonds either.

*too early? :upside_down_face:

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Some are in CHF tho (iirc goog).

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The credit spread on those over gov bonds is not worth it. You take on a bit of equity risk, for not much more yield. Credit spreads are historically low currently.

Also handling single bonds is a huge pain in the ass, and poentially costly transaction cost wise.

It will also work differently than a bond fund with constant maturity.

You also don‘t get much convexity during equity drawdowns, which you may want (meaning bonds go up, when stocks go down, which is counteracted by the equity risk of corp bonds, even if they are mag7)

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Is it still true ?

Not always of course. Depends on the type of drawdown.

In most drawdowns, except inflationary ones, this should still hold somewhat true. As rate cuts are expected in these.