usInvestors face a quandary. Cash offers a return of virtually zero in many developed countries; government-bond yields may have risen in recent weeks but they are still unattractive. Equities have suffered two big bear markets since 2000 and are wobbling again. It is hardly surprising that pension funds, insurers and endowments are searching for new sources of returnMany say that government and corporate bonds are a good investment to balance against a portfolio consisting primarily of stocksThe prisoner was brought before the tribunal in iron bonds
commercial paperOnly well-known retailers have a chance to bypass the banks and issue their own commercial paper.