Bonds are back , baby. Let’s talk about three funds that pay—between 8.3% and 10.9%. Plus, they are trading for less than the fair value of their parts. It’s free lunch time in Bondland. Of course not all bond funds are created equal. ETFs serve their purpose, but closed-end funds (CEFs) are where the payout party is at. Value plus yield at the CEF café. Most ETFs are tied to an index. Which means they are run by rules and robots. Boring . CEFs tend to be actively managed, meaning “bond brains” are able to adjust their portfolio from defensive to offensive as the investing environment shifts.… Read more