As 2012 winds down, bond investors are reflecting on a good year but questioning what 2013 has in store. Bond investors have enjoyed a good year in 2012, with the bond market on pace to finish the year at the high-end of our low- to mid-single-digit total return forecast. Due to slow economic growth, European debt concerns, and perhaps most importantly, a very market-friendly Federal Reserve (Fed), bond prices continued to rise, and yields continued on their downward descent in 2012. Of course, most bond investors…

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Fixed Income 2013 Outlook