I recently quoted the commentary of J.D. Steinhilber, founder of ETF newsletter and investment management firm Agile Investing, about bond ETFs. He argued that the interest rate spread on long duration government bonds versus short duration bonds is too small, compared to their historical norms, to justify the extra risk; and that corporate bonds are also expensive relative to US Government bonds. Here are the charts behind that analysis; click on any of them to enlarge:
Not subscribed to ETF Investor? You can get updated headlines for free by adding it to your My Yahoo page. Just log into your My Yahoo
page, then go to ETF Investor and click on the "+ My Yahoo"
button on the top right of your screen. You can do the same for other sites, such as The China Stock Blog, The Internet Stock Blog, Sound Money Tips and Seeking Alpha.