Interesting chart showing performance of Bond ETFs.   All have slid into year-end, converging around a 3-5 percent annual return, setting up nicely for a “jump ship” trade into equities.   Muni bonds have been a relative disaster.

(LQD)    Liquid Investment Grade index
(MUB)   Municipal Bond Index
(TLT)    Barclays Capital U.S. 20+ Year Treasury Bond index
(HYG)    iBoxx $ Liquid High Yield index
(PCY)    DB Emerging Market USD Liquid Balanced index.
(TIP)     Barclays Capital U.S.Treasury Inflation Protected Securities