When evaluating the bond market, I believe that it is important to pay attention to supply and demand factors.
Pension funds appetite for bonds, particularly long-term bonds are still a significant factor in this equation.
This attached article discusses this trend.
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TODD BLICKENSTAFF
President and Program Chairman Chair
Portland, OR chapter
Co-coordinator AAII National Income and Cash Flow SIG Group
American Association of Individual Investors (AAII)
trblick@yahoo.com------------------------------