Convertible securities, which were bashed in 2008 in part from forced selling by leveraged hedge funds, offer a nice combination of yield and equity kickers.
Investors seduced by Greece's 11% yields may wish to hedge their bets by selling the bonds of other euro-zone countries with weak public finances and poor growth prospects.
The Securities and Exchange Commission (SEC) has intervened in the epic struggle between financial companies and the hedge funds that are short-selling their shares.