Of course many of us are still holding bond positions that were increased after stocks crashed two years ago. I keep planning to divert more of those funds into equities as the bonds are called. But the surprise is that even with very low interest rates, bond issuers are not calling many bonds. That must mean that financing for many issuers is not readily available at the low rates offered consumers.So is the need to rebalance great enough to sell bonds prior to maturity? Many purchased at deep discounts are now approaching parity. Their return is far higher to here than it will be from here to maturity. Its tempting to sell, but the nice yields are hard to replace, and who can guarantee that equities will exceed some of those numbers.Getting the bonds called would make these decisions so much easier.
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