Thu, 17 Jan 2013
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Although the default picture has improved in high yield, junk bonds could still get clocked if the economy falters or we face a double-dip recession, says Morningstar's Eric Jacobson.
High-yield bond ETFs could pay off for investors with a high risk tolerance who think the worst of the credit crisis is behind us.
Bonds are a better option than cash and less volatile than stocks, but investors should be mindful of headwinds and possibly rethink their fixed-income allocations, says Morningstar's Christine Benz.
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