, Columnist
If Every Bond's a Winner, Why So Many Losers?
Despite the latest rally, investors are feeling insecure, with good reason.
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If you bought bonds at the end of last year and just hung onto them, you probably have a little extra spending money in your pocket. In some cases, you may have cashed in big time.
Brazilian government bonds, for example, are up more than 10 percent so far this year. Russian sovereign debt has gained more than 4 percent, as have Japanese government bonds. Junk bonds globally are up more than 3 percent, while longer-dated U.S. Treasuries have generated a 7.6 percent return.