The typical bank, said Cox, is a risk-oriented environment where bankers want to limit their exposure.

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This is another consumer-oriented, risk-free buying opportunity.

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The high medical costs in some PCIPs could also portend higher costs of funding expanded high risk pools as part of market-oriented reforms.

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Unlike credit-oriented benchmarks, the primary risk in government securities is interest rates.

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While allocations to bonds may vary based upon market conditions and investor objectives and risk appetites, bonds (or other fixed income-oriented strategies) can typically find a home in most investment portfolios throughout most market cycles.

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But, there are other types of bonds and income-oriented investments that can be utilized to diversify a portfolio and mitigate risk that will continue to perform well in this environment.

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