That, however, has not deterred Gibson Smith of Janus Capital, eager to convince people to keep throwing money at funds like his.
If he's bullish on bonds at this level, what is he implying? That Dell bonds due 2012, currently yielding 1.3%, should yield LESS?
Or Cisco debt due in 2040-->> you want to lend to them for thirty years for less than the 5.5% it's trading at right now? That's a risky prospect, but the proper question to ask someone who pumps bond funds at these low yields.