Concerns of global systemic shocks have lessened from previous levels, and corporate issuers are more likely to take on riskier bets, according to Dodge & Cox's Tom Dugan.
Muni-bond funds continue to experience high investor demand, and Morningstar's Miriam Sjoblom offers picks for core and noncore holdings.
Morningstar's Dave Sekera doesn't see a repeat of 2008's bond market turmoil, but bonds are pricing in a low- to no-growth scenario for the U.S. economy.
Core, corporate, and short-duration bond funds continue to be popular as investors seek safer streams of income, but Morningstar's Eric Jacobson is concerned about the longer-term risks.
At a time when the bond market expects inflation to stay at about the past decade's average, the biggest buyers of government debt say they need protection from rising consumer prices as central banks focus on growth.
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