Maybe It's Last Call, But The Bond Party Isn't Over Yet

Good, safe paper is still around, and for long bonds, the time to buy is now

All in all, the bond market has had a good ride in 1993 thus far. But it enters the second half nervously. In the first half, low inflation, low interest rates, and the Clinton Administration's budget-reduction plan ignited a bond rally. Then a surge in inflation numbers threw a chill into the market.

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