Hope someone can help with this please-when trying to place an order with my broker ( H.L. ) either online or phone for already issued bonds they quote a spread to buy/sell. But when in my opinion the spread is quite wide ( say 4-5 basis points ) and i want them to try a bid or offer for me they refuse and just say that is the spread. I thought all bonds like shares are biddable so why not ORB bonds or am i with the wrong broker ? As H.L. are retail brokers maybe they can't execute my instruction to bid/offer but maybe a main stream broker like Cannacord or say Redmayne could ? Am i correct in that presumption.? I am talking of average orders of around £10,000 at a time.
Thanks in advance for any comments received.