What a difference eight months makes!

Loomis Sayles bond manager Dan Fuss spoke about “The 50-Year Opportunity in Bonds” just after Thanksgiving 2008. He liked corporate bonds.

This morning I read “U.S. corporate debt outpaced Treasuries for a fourth consecutive month and have now outperformed by 14% year to date” in the Morningstar Bond Market Commentary (August 2009).

Things sure have changed.