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Re: Need parking spot for some cashI own some LQD as well. It is an intermediate term investment grade Corporate bond fund with a lot of sensitivity to interest rates. When the Fed raise interest rates (and they will eventually), LQD will drop by up to 10%. It has about a 5% spread between 52 wk hi and lo, so it can move against you (or for you depending on when you buy). Note that something BSV (yielding .1.22%) has much less interest rate risk because it invests in short term bonds.. |
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