"​Stocks beating bonds so far this year" writes the Arizona Republic. Fund columnist Russ Wiles says, "​Meanwhile, bond prices continue to stagnate and are flirting with their first overall losses since 1999." He says Lipper numbers show bond funds returning 1.​7% on average through June 30, 2007. (​The Crane 100 Money Fund Index has returned 2.​49% year-​to-​date and is on pace to return over 5% in 2007.) "​Recent bond weakness raises a basic question: Why hold bonds or bond mutual funds when you can earn nearly the same yields now on money-​market funds, with virtually no risk of price declines?", he asks.

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