Buddy

Bonds: Analyzing the 'What If' Scenario

Yes sir, you are right-on. By the banks bailing the insurers out of bankruptcy, they saved themselves from more financial obligations and write-downs.

Insured AAA municipal yields are on the way up. On 1/30/08 the 30 year yield was 4.57, 2/12/08 a 4.47, 2/27 a 5.02, today a 5.14. Probably will stop at about 175 basis over UST making it a great buy.