Bonds and Fixed Income

[NJHowie]

Thanks for the reply.

My portfolio is 99% fixed income and 1% play. The bulk of that 99% is municipal bonds and I most always hold to maturity unless called. Over the past 2 years, before rates went up, I would often sell the munis here and there when I was able to make ridiculous profit as folks bid them up. As you said - who would believe there would be such a turnaround and escalation in rates so quickly?

So, now as my maturities and redemptions come in, I just grab the best muni I can find to reinvest. It's most all IRA funds, so taxable munis of medium to long trerm work great for that - 6% to 7% is very easy to get right now. I also have some nice bank preferreds and a really good baby bond with 2026 maturity that has a yield to maturity of something ridiculous around 27%!