Don't Buy Individual Bonds? These Exchange Traded Debt Issues Are Compelling- PRH And KKRS Baby Bonds.
Summary
Baby bonds are bonds that are exchange traded just like a stock with each having a unique ticker symbol. They are entered just like a stock trade.
We like bonds with longer duration and high quality (credit ratings of BBB+ or better) and that offer protection from being called near-term.
We look at PRH, a Prudential Insurance Co. baby bond that yi…
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