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Subject:  Sara Lee Medium Term Bonds Date:  6/20/2011  1:52 PM
Author:  ytm Number:  32961 of 37023

I have a grocery list of dozens and dozens of bonds that I monitor on a daily basis. Overall in general, I have noticed in particular the last week, yields improving on some medium term & long term investment grade corp notes.

But this thread is specifically about Sara Lee bonds, CUSIP 803111AM5. Roughly 21 years til redemption with a curent ytm in the 6.60% range.

The last couple days, the spread has widened signicantly on these bonds. There are presently two sellers who keep moving in front of one another; not with a ton of size mind you, but the price has moved down none the less.

I may take a first entry position in the $93.50 handle if it gets there.
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