February 3, 2015 - Key Takeaways
A soft start for the U.S. stock market in 2015 once again illustrates the diversification benefit of high-quality bonds even at very low yields.
Even in a low-yield environment, bonds provide a cushion as price movements, not yields, are the primary buffer to equity movements.
An allocation to core bonds, in addition to more attractively valued high-yield bonds, may make sense for investors.
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