Day Trading

As for WHY your would want to this, contrary to the last answerer'a assertion that brokers don't find bonds sexy and hence don't bother learning about them, throughout their 135-year history, Edward Jones made their business on selling quality bonds to individual investors. I've found some of the most knowledgable people I know regarding bonds to work for Edward Jones. In addition, they do so much bond business that they get optimal pricing and that is in turn passed on to you. When calling around for price quotes, at the very make sure you include them, you won't be sorry.

I should point out that unless you need the money, now is probably not a good time to be selling your bond. Although long-term interest rates (i.e., that of most bonds, which are driven by economic factors) have little to do with short-term rates (which are directly driven by the Fed), we are nevertheless in a rising interest rate environment and your bond undoubetdly is worth less than it wa a year ago. Of course, you could be banking on that and need a tax loss for some reason, but barring that, if you're getting good interest, hold onto it until rates go down again to get a more advantageous price.

Of course, when buying bonds specifaclly for the interest income, you should learn not to even care what the price is. It's hard psychologically, and it takes some getting used to, but it's worth it. After all, if you're buying a cow for the milk, then what the hell do you care about the price of beef?

Hope this help!
–J.