/biz/ - Business & Finance

Uhh someone tell me I'm retarded:
Can you trade bonds month to month? If I understand correctly, you can trade bonds before and after their semi annually pay date. So could you just bond hop to maximize money gained by coupon payments?

Example:
>You buy bond 1 that pays 11/23, after the pay date you sell it
>You then buy bond 2 that pays on 12/23, effectively getting another coupon payment the next month
I understand that the value of the bonds goes down after each payment but after fees and losses from buying and selling If I did the math right you should still be able to earn 1-2% of the value of your bonds per month. This only works because interest rates are high. AM I RETARDED???