Ray Hendon

Report from the Bond War Frontlines

The last sentence should read: They poorly reward tyhe investor...

Report from the Bond War Frontlines

Duration is one of the critical variables in a bond fund. The longer durations have much more volatility, for now, not much extra yield. Ultimately it is a personal decision as to which yields and duration are best for your portfolio. Personally, I do not recommend any long term funds. They poorly reqard the investor for the increased risks and yield.

Best wishes,

ray

Short Bond ETFs Get Short Shrift

I haven't done any analytical work on CEFs--their discount/premium pricing has always disturbed me, especially for a purchase that may be temporary. How do you know that a discount will not turn into a deeper discount when it comes time to sell?

You may have a good idea, though, if you can live with the pricing uncertainity. It might help others with your same inclination if you would put together a list of CEFs that operate in the ultrashort space.