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M*: Why Core Bond Funds Still Make Sense

FYI: High-quality bonds are a tough sell these days. Bond yields remain stubbornly low, which means investors are not getting paid much to own them. On top of that, if yields rise, investors may lose money whether they own the bond or a high-quality core bond fund. But many investors--those nearing or in retirement, in particular--can still use the steadiness and diversification benefits offered by a core fixed-income stake in their investment portfolios.
Regards,
Ted
http://news.morningstar.com/articlenet/article.aspx?id=749400
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