What about muni bond funds?

[fenders53]

The yields on munis aren't terrible compared to other bonds. The problem is some day interest rates will rise (though it will likely be years). Any bond fund will someday get crushed unless if it is EXTREMELY short in duration). I have a little TLT, very little. Mostly because I can sell puts against it. I don't think I am comfortable with anymore than 5% of my assets in bonds. That's even pushing it. Bonds make little sense to me right now.