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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: mishedlo who wrote (3974)4/8/2004 6:18:42 PM
From: Crimson Ghost   of 116555
 
With junk bond spreads very narrow again, the only fixed income product I like now are floating rate notes. These yield less than fixed rate, but should hold their ground if rates rise -- unless the rise is so great as to trigger default fears.

Fidelity has a floating rate note fund and there must be a number of others.
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