Investing in Bonds Will Be Much Trickier in 2010

Bond managers will tell you that they always actively manage their portfolios, but they are really going to have to earn their money this year. As the stock market imploded last year, many investors fled equities to find relative safety in fixed-income investments. In 2009, a record $396.2 billion flowed into bond mutual funds. And this year, with stock markets more volatile than ever, bond funds continue to receive large inflows of cash.