Thomson ReutersJuly 11, 2013 10:36
By Zachary Karabell
(Reuters) - The old stock market cliché "sell in May, and go away" had so far proved untrue this year. Instead, it is the bond market, so often perceived as steady, low risk and dependable, that has bitten investors.
In fact, June was one of the worst months for bonds in many years. The declines were steep enough to serve as an acute reminder that nothing, and I do mean nothing, in the financial world is without risk.