Now is the time ti buy, buy, buy

These are senior floating rate bonds. Of course they got crushed when rates went down but now rates have no where to go they're at historical lows. Then take into account that these loans are SENIOR yes they hold a lot of specs but these bonds are trading at HUGE discounts to maturity value. Their status as senior debt puts them first in line to colect in bancruptcy. Yes there will be some defaults but even if 10% default or even go to zero this fund will rise. There is an appetite for yields; high yield and closed ends are overbought, trasuries/CD's pay nothing and you want to sell floaters that are going to rise with rates and are at HUGE discounts. No; the time to sell was 2 years ago at 11-12 when I did now is the time to buy. Check this fund in a year it will be at 8 and yielding 2-3% more. Do not buy bonds here floating rates are the play!