So if you are a packaged product fan and prefer ETFs to straight bonds, then you need to drill down into the ETF holdings.

FORBES: Juicy and Junky High Yield ETFs

Straight foreign bonds aren't carried in inventory by big retail firms like A.G.

FORBES: The Global Test

That 15% allocation includes straight coupon bonds and CIPS combined.

FORBES: Buy CIPS Instead Of TIPS To Beat Inflation

Using tax-subsidized borrowing to invest in tax-exempt bonds is a straight tax arbitrage.

FORBES: Hock Your House

China reduced its investments in U.S. Treasury bonds in December, marking the third straight month of declines, according to Treasury International Capital data, released on Wednesday.

FORBES: China Reduces U.S. Debt Holdings Again

The hope is that the kind of big investors which buy bonds would put pressure on banks to stick to the straight and narrow.

BBC: Cyprus rescue breaks all the rules

Take U.S. Concrete, whose bonds have jumped 25% since May, despite falling sales for four straight quarters, diminishing cash and a weakened ability to cover interest payments, according to Bryan.

FORBES: Magazine Article

U.S. Concrete ( RMIX - news - people ), whose bonds have jumped 25% since May, despite falling sales for four straight quarters, diminishing cash and a weakened ability to cover interest payments, according to Bryan.

FORBES: U.S. Market