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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
 IvY73AbSt80HJCWz9IkGq0OJHbFnbZXrQXBeBE8zdamghej3qkAGpdQ3bchQrDzN
 dkg4izRevmJHQgjqKaUfYQ==

<SEC-DOCUMENT>0001209191-08-020525.txt : 20080327
<SEC-HEADER>0001209191-08-020525.hdr.sgml : 20080327
<ACCEPTANCE-DATETIME>20080327201118
ACCESSION NUMBER:		0001209191-08-020525
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20080326
FILED AS OF DATE:		20080327
DATE AS OF CHANGE:		20080327

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			RIVUS BOND FUND
		CENTRAL INDEX KEY:			0000030125
		IRS NUMBER:				231745238
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0331

	BUSINESS ADDRESS:	
		STREET 1:		113 KING STREET
		CITY:			ARMONK
		STATE:			NY
		ZIP:			10508
		BUSINESS PHONE:		9142734545

	MAIL ADDRESS:	
		STREET 1:		113 KING STREET
		CITY:			ARMONK
		STATE:			NY
		ZIP:			10508

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	1838 BOND DEBENTURE TRADING FUND
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DREXEL BOND DEBENTURE TRADING FUND
		DATE OF NAME CHANGE:	19890511

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DREXEL INCOME SECURITIES INC
		DATE OF NAME CHANGE:	19711102

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			MBIA INC
		CENTRAL INDEX KEY:			0000814585
		STANDARD INDUSTRIAL CLASSIFICATION:	SURETY INSURANCE [6351]
		STATE OF INCORPORATION:			CT
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-02201
		FILM NUMBER:		08716522

	BUSINESS ADDRESS:	
		STREET 1:		113 KING ST
		CITY:			ARMONK
		STATE:			NY
		ZIP:			10504
		BUSINESS PHONE:		914-273-4545

	MAIL ADDRESS:	
		STREET 1:		113 KING ST
		CITY:			ARMONK
		STATE:			NY
		ZIP:			10504
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>doc3.xml
<DESCRIPTION>FORM 3 SUBMISSION
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2008-03-26</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0000030125</issuerCik>
        <issuerName>RIVUS BOND FUND</issuerName>
        <issuerTradingSymbol>BDF</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0000814585</rptOwnerCik>
            <rptOwnerName>MBIA INC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>113 KING STREET</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>ARMONK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10504</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>1</isOther>
            <otherText>Parent of Inv. Adv.See Foot. 1</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Shares of Beneficial Interest</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1800</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <footnotes></footnotes>

    <remarks>Footnote 1: The filing is made on behalf of MBIA, Inc. (&quot;MBIA&quot;). MBIA Capital Management Corp.,the issuer's investment adviser, is an indirect wholly owned subsidiary of MBIA.</remarks>

    <ownerSignature>
        <signatureName>/s/ Ram D. Wertheim
Vice President, General Counsel and Secretary of MBIA, Inc.</signatureName>
        <signatureDate>2008-03-27</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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