At the same time, the differential between 10-year notes and 30-year bonds is relatively small.

That is because of the difference in tax rates between American corporate bonds and the foreign hybrids.

But at my first job interview I didn't even know the difference between equityand bonds.

Q. Is that to say there are no ties between utilities and bonds?

The first question to ask when building a portfolio is how to allocate your money between stocks and bonds.

So a 65-year-old's investments would be evenly split between stocks and bonds.

Other investors can choose a fund equally divided between stocks and bonds.

"Back then the spread between fives and bonds was about 95 basis points," the trader said.

Discrimination between terminal and disubstituted double bonds is often low, however.

Treasury note prices also fell, but the yield spread between the notes and bonds remains very tight.