Replies to post #336102 on Zeev's Turnips Patch-No Politics (ZEEV)

[Ace Hanlon]

I get the yield and price of my junk fund (SPHIX) every day and compare it with TNX. My fund now yields about 5.7% versus 4.2% fro TNX, That is a spread of about 150 basis points -- EXTREMELY LOW by historical norms.

Junk bonds are as overpriced as stocks IMHO but there is no sign yet of a trend reversal.