Advisors Are Questioning The Conventional Wisdom On The Need For Bond Exposure Hot

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In an article with the provocative title “Do You Still Need Bonds?” SmartMoney says the widespread retreat from bonds reflects deeper trends than just concern over a potential bond crash.

In the meantime, the Wall Street Journal reports on a trend threatening the bond market from another direction. For the first time, major banks are offering large loans directly to cities, states, schools and other public borrowers, giving them an alternative to issuing bonds.

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