By Josh Peters, CFA/ Morningstar.com
Despite the low returns, I can see why some investors like bonds. They’re a lot less work. Bonds spell out the exact terms of future cash payments. As long as the issuer is solvent, the yield you see (if you hold to maturity) is the return you get. All the potential buyer needs to judge is creditworthiness (Is it safe?) and the attractiveness of the yield (What’s the return?).
Click here for the full story.