Bonds come into favour as hedging tool

Stable hand: A jogger runs past the Federal Reserve building in Washington. Even though the central bank is set to keep raising interest rates, policy makers will be mindful of not derailing the economic recovery. — Reuters

WASHINGTON: Investors plagued by fear and shunning stocks are rediscovering a time-honuored antidote: United States government bonds.

That may seem surprising, given that the Treasury market has been battered by its worst losses on record this year.