Bonds have had a great run, but are now facing the prospect of strong headwinds
with expected rising interest rates, and growing risk appetite for equities.
Given the exceptional 2009 performance for bonds; the fact that interest
rates are at historically very low levels; and the gradually improving national
and global economies; it is reasonable to assume that bonds will not do as
well in the next year as they did in the last year.
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are as of July 5, 2010. Our opinions and positions may change as subsequent
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Past performance is no guarantee of future performance, and there is no guarantee
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