Current Yield

Bond Funds Seek a Haven

In the short term, the worst of the carnage might be over. The longer-term outlook is cloudy.

June 29, 2013

"Is it safe?"

Those were the words famously uttered by Laurence Olivier's sadistic Dr. Christian Szell in the 1976 film Marathon Man, as he tortured a bewildered and terrified Babe Levy, played by Dustin Hoffman.

The same words pretty much sum up the current mind-set of baffled and shell-shocked bond investors, after May's...