John Jansen

Bond Expert: Tuesday Wrap

Canned pawn,

are u chess player?

Larry,

I think they are only " unsafe" in the sense that they might be entering a patch where they underperform Treasuries.

They have just passed through a period of outperformance and some of those trades are being unwound.

I have no problem with the ability of the recent issuers to pay off at maturity.