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Captain Haiku,

Your words are a most welcome song, as always. Not sure I'd call it a risk, but it's certainly a source of downside, because the premium is not reflective of accrued interest.

When I first wrote the article, it was 10.30 or so, making the downside a little less pecuniary. That being said, if you're willing to hold for a little, the 7.1% yield (at today's prices) should offset the downside. And that coupon is pretty tasty.

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