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Strategies & Market Trends : Bonds & Bond Funds

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To: peter michaelson who wrote (70)1/5/2009 12:34:40 AM
From: peter michaelson  Read Replies (1) of 161
 
Was looking at the loan participation CEF's in my long portfolio. Quite the stunning increase over the past 3 weeks in JFR, JRO and VTA. Plus two of the three are selling at a premiums to stated NAV.

What with all the pro-bond press of late, my contrarian instincts are on full alert.

JFR, for example, has moved from an NAV and market price of 5.74 and 5.16, respectively, on December 9 to 5.92 to 5.92 and 6.48 on January 2, going from a 10% discount to a 9% premium.
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