Inside the Beltway, our country’s debt load was politically toxic in 2011, but in the global marketplace, it was even better than gold. The euro-zone crisis sent investors fleeing for the relative safety of U.S. Treasurys. Now the U.S. bond market is set to have its best year since 2008, with a 13.7 percent return — significantly outperforming the stock market in 2011. What’s more, the Wall Street Journal points out, “the biggest star was the 30-year Treasury bond, with a 35% return, far outpacing even gold, another favorite safe-haven asset.”


(AP)