On that basis, junk bonds that were trading at a seemingly reasonable spread of 5 percentage points, or 500 basis points, to 5 - year Treasurys in mid-2011 were actually trading at an intolerably low 250 - basis - point spread to the proper bond. (alephblog.com)
And contrary to what you suggest, there is a reasonable spread of opinion on here — and is certainly not dominated by AKBs, quite the reverse, try Untold Arsenal if you think the AKBs are ruling the roost on here. (justarsenal.com)
Obviously, a reasonable spread such as this makes switching to Vanguard worthwhile. (canadiancapitalist.com)