How About that Bond Market?

[adios]

Treasuries and Munis

Quotes on various durations. The 30 year treasury is hitting record low yields (== record high prices) now. All the others are either at or close to multi-year lows. Yeah equities have taken a nose dive but look at what's happened to interest rates over the past 3 years. Arguably this is much more important and beneficial to USA citizens in the aggregate. Anyway I think that this record low yields across seemingly all of the debt markets is causing money to be put to work in stocks, thus the current stock market rally. In taxable accounts I think the muni closed end bond funds are even better investments than they were 6 weeks ago or so when I posted about them. Of the 27 I track, every single one is up on a capital appreciation basis (I'm not including the tax free yield) since the beginning of February. I think stock market is going higher across the board so maybe those index funds will work for awhile [img]/forums/images/icons/smile.gif[/img]. Although I'd rather have something like Cornerstone Strategic Value Fund paying a 16% divi with monthly payouts and trading at a discount to NAV (Net Asset Value). I am long CLM btw:

Cornerstone Strategic Value Fund (CLM / AMEX)