Its a good thing I didn't jump on Bill Gross' advice by selling out of treasuries in April.
I have some money in Wasatch-Hoisington US Treasury Fund (WHOSX) which is 95% invested in treasuries. The fund didn't move much from April through mid-Nov, but had a nice run from mid-Nov through end of December. I have sold half my position.
The question I have is where to invest in now. In terms of fixed income, seems like investment grade corporates and high-yield are 2 areas which might be interesting. The spreads on these 2 fixed income asset classes are at unprecedented highs.
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