2006-05-07

When I was getting dressed yesterday I heard the name of someone I went to high school with on NPR. And then I heard her talk. And it was her.

People that look like semi-celebrities that I've seen lately:
-a guy that looks like the plumber guy from "Ask This Old House"
-a girl that looks like Lizzy from "Undeclared"

ESPN's "Bonds on Bonds" would be more interesting if it were Barry Bonds talking about bonds. Some questions:
-Where do you think the yield curve is going?
-What do you think of TIPS with a Bernanke Fed? If he does start inflation targeting, are these going to become more or less popular? Do you think he actually can start targeting?
-EMD and high yield - how much more of a run is left? Is the "appetite for risk" going to cause a risk stomach ache when there's the inevitable nasty default and these things tank? A tight yield curve is historically awful for this stuff.
-Similar question, but why are high quality issues priced so tightly with the ones that border on garbage? What do investors have against quality?
-Hedge funds have gradually become more and more correlated with equity over the past 5 years while bonds have done the exact opposite. To what do you attribute that? Is this going to reverse?
-Is this a good time to buy callables or is the option adjusted spread still too low?

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