Friday, August 7, 2009

What a difference eight months makes!

Loomis Sayles bond manager Dan Fuss spoke about "The 50-Year Opportunity in Bonds" just after Thanksgiving 2008. He liked corporate bonds.


This morning I read "U.S. corporate debt outpaced Treasuries for a fourth consecutive month and have now outperformed by 14% year to date" in the Morningstar Bond Market Commentary (August 2009).


Things sure have changed.
__________________
Susan B. Weiner, CFA
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Copyright 2009 by Susan B. Weiner All rights reserved

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