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My trading record (2022-07-12, buy US bond Seagate HDD Cayman)

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Share the reasons of buying US bond STX 5.75 12/01/34 of Seagate HDD Cayman and share my views.

Abstract: Share the reasons of buying US bond STX 5.75 12/01/34 of Seagate HDD Cayman and share my views.

Transaction detail

Today I am sharing with you about the transaction that I made on July 12. The details are as follows:

Bought bond

  • Company: Seagate HDD Cayman
  • Bond: STX 5.75 12/01/34
  • Face coupon rate: 5.75%
  • Maturity date: December 1, 2034
  • Bought face value: US$6000
  • Bought bond price: US$89.25
  • Credit rating: BA1/BB+
  • Commission fee: US$6
  • Bond yield: 6.993%

Reasons of buying Seagate HDD Cayman bond

Since another U.S. bond PBFENE 9.25 05/15/25 was called away a few days earlier, some idle funds were vacated. After sometime of bond searching, I found this bond of Seagate HDD Cayman, its bond price has recently dropped to make the bond yield to reach nearly 7% with credit rating of BA1, I think it is high enough, and Seagate’s hard disk products have been in a certain leading position in the market, so I think it is a very good investment target.

Of course, if you choose to invest in bonds at this time, you need to know that the risk is that the price of the bond may fall further as the US interest rate rises, but in fact the problem will only arise when you sell the bond after the price falls, this way you will realize a loss. But the advantage of investing in bonds lies in certainty. Unless the company is in poor management or goes bankrupt for other reasons, you will regularly receive fixed interest and get back the principal after maturity. This fixed income is able to be calculated accurately when you buy it, and it will not be affected by the rise and fall of bond prices, nor will it be affected by the general economic environment. This is the key point of investing in US bonds.

Comments and sharing

If you have any questions, please feel free to leave a message or comment below, I will reply you. Or if you find anything incorrect in the article, please let me know and learn from you. If you find it interesting or it may help you in any sense, please share with other people.

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