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We have a number of Treasury Notes that are currently worth substantially more than the face value. For example, one that earns 5+ percent and matures in 2004 is quoted as being worth more than 8% more than face value. These are in an IRA so capital gains is not an issue. Especially if these get to 10% more (and with continued lowering of the Fed Funds rate, they might), I sort of feel I should do something, but these are supposed to be safe money. It is hard to get Treasury notes anymore, but, if I get one at say 2%, I would still draw even by keeping the 5 yr note in a couple of years. Of course it is likely that interest rates will be rising by that time, if not before. A part of me says I should sit tight, but another part of me says there should be something smart I could do. Then again I don't want to outsmart myself. Any suggestions?

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