Tsar- There are also TWTC bonds available maturing 07/15/08 with a yield, at par, of 9.750%, which at current market prices should give you a realized yield North of 20%--not to mention very nice cap. gain to be realized when bonds are [hopefully!]redeemed by issuer. I own these 08's and I believe they may present modestly less risk than 2011's. See same link and poke-around on website.