My Ex Bonds and Ben Bernanke
Bruce Krasting submits:Three-four years ago I had a nice bond portfolio. For a guy who should have known better I completely boinked it up. I fell prey to the worst of errors. I let disbelief guide my choices. I had a bunch of high coupon NYS GO Muni’s. Almost all of them have been called. I had 5 and 5 1/2% Agency MBS. I knew that was subject to prepay, but I never expected to get 80% cashed out. The corporates were high yield so I kept the maturities short. Most have been paid off. Complete Story »
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