if you think bond prices only reflect their interest, you need to do some research. With bond interest rates being high, particularly on longer dated ones, when the interest rates drop, their prices will disproportionately increase. Yes, you actually can get 20-80% upside from longer dated bonds, provided your broker let's you buy them and you used the many available calculators to estimate the risk benefits.
As a test, you can punch in the numbers for the past month when rates on longer dated bonds have begun to come down and see how much of an increase you would have had.
As an added bonus, most US treasuries are exempt from state taxes, but check with your tax person.
just a boring thought.
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