I know its boring, but I have been aggressively locking in some yields on cd's and corporate bonds. Since I continue to believe we are at the end of this 44 month cyclical bull market, the summer rally that many are betting on may or may not happen.

The Dow is locked in a trading range of about 250 points north or south of the 11,000 mark. Until the market receives confirmation of a Fed pause, trading should remain around current levels until the final outcome is known. (See June 16, 2006 post -"Dow 11,000 : Welcome to "No Man's Land")

Here are a few short term bonds and cd's that look attractive;

BELLSOUTH CORP NT 5.000% 10/15/2006- Currently selling at a discount
DAIMLERCHRYSLER NA HLDG INT NT 5.700% 01/15/2007-selling at a discount
WASHINGTON MUT INC SR NT 5.625% 01/15/2007- selling around par.
GANNETT CO INC NT 5.500% 04/01/2007-selling at a discount
VIACOM INC SR NT 5.625% 05/01/2007-selling at a discount
MARATHON OIL CORP NT 5.375% 06/01/2007-selling at a discount

LEESPORT BANK 6 MO- Yldg 5.1%, Matures 12/22/2006
FIDELITY B 7 MO - Yldg 5.15%, Matures 01/30/2007
LASALLE BANK MIDW 9 MONTH- Yldg 5.255, Matures 03/28/2007
FIRST CITIZENS NATL BK 1 YR- Yldg 5.3%, Matures 06/28/2007
WASHINGTON MUTUAL 1 YR - Yldg 5.4%, Matures 06/29/2007

*** These Bonds and Cds are for informational purposes only. Use them as a comparison to what is currently available through your broker or financial advisor.