Best Buys in Bonds

They're poised for big payoffs without big risks.

Suddenly, bonds are the talk of the investing world. while investors continue to fret about prospects for the stock market, they have concluded almost unanimously that the deals in the bond market are too good to ignore.

And despite a rollicking recovery that began late last year and continued into 2009, most sectors of the bond market (Treasury bonds being the notable exception) still offer good value. After all, what's not to like about corporate bonds paying 5% to 6% and tax-free municipal bonds paying 4% -- especially when inflation, one of the biggest enemies of bond investors, remains tame? And you don't even have to dip into junk-bond territory to get these returns.

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Row 0 - Cell 0 How Well Do You Know Bonds?
Row 1 - Cell 0 The Biggest and Best Bond Funds
Row 2 - Cell 0 Anatomy of a Bond
Row 3 - Cell 0 5 Caveats When You Buy Bonds
Row 4 - Cell 0 Bond Funds: One-Stop Solutions

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Jeffrey R. Kosnett
Senior Editor, Kiplinger's Personal Finance
Kosnett is the editor of Kiplinger's Investing for Income and writes the "Cash in Hand" column for Kiplinger's Personal Finance. He is an income-investing expert who covers bonds, real estate investment trusts, oil and gas income deals, dividend stocks and anything else that pays interest and dividends. He joined Kiplinger in 1981 after six years in newspapers, including the Baltimore Sun. He is a 1976 journalism graduate from the Medill School at Northwestern University and completed an executive program at the Carnegie-Mellon University business school in 1978.