basile

Was That a Short-Covering Rally?

TM, the Bond Holders are buying the common in an effort to vote in favor of the takeover.

Response to Roger Nusbaum on Bond ETFs

I think it is the difference between managing for income and managing for total return. Bond funds/ETF's make it easy to alter duration, credit risk etc. That is if you are manging to a total return mandate. If you don't have a specific time horizon at the end, you are only going to roll that treasury into something else. I agree with Will.