Greg Calderone_

Weakness in Long-term Bonds Not Just Seasonal

There is really little reason to buy 10 year bonds when stocks like ConEd and SO (and probably ATT) have a better dividend after taxes. Also, on top of the guaranteed return from these dividends, there is an upside to each stock. So one can make more on the dividend than in a bond, and still have a possible upside in the stock price. Because of the large dividends, there is a built in floor for each of these stocks. If you want security, these pay better and are nearly as safe.