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My BTTTX is up about 10% from when I got it 15 days ago. Not bad for risk
free, of course that needs qualified. It's a Treasury STRIP fund, sometimes
called Tigers or Zeros. Maybe someone can explain them better. They are
bonds that have no coupons, they are bought at a discount and in 2020 when
they mature they will be worth face value, guaranteed gain backed by the full
taxing power of the US government.
If only held short term they are high risk/reward. The price is determined by
the current interest rate, if the rate changes they are worth the purchase
price of the new rate.
I don't know when or how much the rate will be reduced, but I'm willing to bet
it won't be increased this week. Benham won't allow daytrading them, but
playing the trend seems to be OK.
David
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