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.
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.
Morningstar Spain's Fernando Luque explains the reaction in Madrid to news of a bank bailout, further problems facing European governments, and a potential outcome for the eurozone.