Fidelity Floating Rate High Income Message Board
-
Fall seems to be slowing....................
..........It was a rare credit crisis - risky stuff was marked down fast and if you were forced to sell junky paper, then you received a low price.
-
......fed is behind the times. I think that FFRHX is going to settle at a lower price than it was before and a higher yield.
-
When the Fed cuts rates I believe this will drive the price of FFRHX higher.
Any comments? -
FED cutting rates will not hurt FFRHX - it is recession that would not be good for riskier paper.
-
what are the chances of making some loses back?
- 1 Reply to jpnick_1999
-
I am considering getting back in - some of the paper that this fund holds has had the price marked down and it would probably be months before the fund price approached the old high. I never could find anything that mirrored this fund - it does not exactly follow treasuries or junk bonds or anything that I have seen. This hit to the fund was a somewhat rare event.
-