Dan Rasmussen, founder and CIO of Verdad Advisors is with Greg Obenshain, Verdad Advisors director of credit. They begin by talking about credit markets, and the “fools yield.” Obenshain believes over the last 12 months, the best you could do was a 4% return. Bonds that are trading as riskier have lower returns, and they end on the double b to single b split.