No. of Recommendations: 1

I authored the squib, so I should comment. You correctly note the fact of current yield comaparabilities between a wide variety of debt instruments. That situation doen't always obtain. Nor is it possible to predict (or even forecast) its persitence. Thus, a person has to make the best guess they can with current information.

A suggestion: dig a bit deeper in the matter and you'll find that the situation isn't quite as you describe it. Right now, the easy and safe stuff is trouncing what normally offers higher yields on both an absolute and a risk-adjusted basis. The why's are complex and maybe even unknowable. Thus, one has to accept what one sees and act appropriately. When the situation changes, and it will, then change with it. Meanwhile, do what makes the best sense to you in light of your own individual situation.

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