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Thanks for this & your many great links Ted. Many types of bonds have been beaten up this year for different reasons. I felt a week or so ago was a good time to add a bit to bond funds. It appeared either way Wednesday's Fed decision went would benefit bonds. Had they implemented tapering it would, I think, have slowed or aborted the recovery, making bonds more attractive. On the other hand, keeping rates artificially low (especially the short end) as they chose to do - keeps returns for short term & investment grade paper so paltry that people are forced to take a look at longer duration and lower grade offerings - where rates have spiked this year. (offered with 20-20 hindsight and a warning to tread gingerly:-)
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