tag:blogger.com,1999:blog-7905515.post7969390805391839382..comments2024-03-14T11:09:32.759-05:00Comments on Falkenblog: Not the Time to Own Good JunkEric Falkensteinhttp://www.blogger.com/profile/07243687157322033496noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7905515.post-17368396944303918622009-03-26T20:51:00.000-05:002009-03-26T20:51:00.000-05:00JNK and HYG have been trading at a small premium t...JNK and HYG have been trading at a small premium to NAV for a few months now. I wonder how you even calculate NAV when the bid-ask spread is 10 points.<BR/><BR/>Wouldn't a good strategy be to be a market maker, just put some limit orders inside the boundaries of the bid-ask spread?Anonymousnoreply@blogger.com