February 22, 2013
September 5, 2013
August 5, 2014
The problem is not the trading costs but the actual yields available on bonds these days. It was not so bad 3 or 4 years.
Yields are falling down greatly when many economists and fixed income analysts were predicting 3.25% 10 year U.S. treasuries in 2014.
It looks like downhill from here on and that just sucks.