Hi energyplay, I have some Euro bond funds, have been happy with them, although do not have enough of them. I am now fearful of the EUR.
I do not have Loonie bonds, since Canada is raising interest rate, and I am fearful of Aussie and Kiwi bonds, because their turns at the cleaners may be near.
My AUD, EUR, CAD cash are in staggered 2-3% yielding 1 month bank CD deposits, and can be relocated instantly by forfeiting some interest and tapping some keyboard buttons to send instructions into the wires.
I will take a look at FCO, if its liquidity allows 'instant' freedom and is at discount to NAV, then it could be useful.
The whole world's central banks (except Canada) may continue to lower discount rates to fight asset deflation, and keeping the rates down. I f so, there may be some power left in non-USD bonds.
I feel as if I am a desert traveler, thirsting for yields, circling the Canadian energy lakes, trying to spot the carnivores in wait.
Chugs, Jay |
