tmcal, can you elaborate a bit more on
"I am negative on interest rates going forward, so buy short to intermediate bonds unless you want to get killed if we enter a period of stagflation, which I would not be surprised to see.
"
Do you think interest rate will start dropping?
How bond holder (long term bond?) get killed during stagflation?
and when you said intermediate , how long (time to maturity) it is?
and what is the appropriate yield for the newly issued munis?
also lastly, when is the last time you heard/see these type of bonds defaulting? and when it happen usually how many % of the principal we can recover?
TIA
Stan
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