Why Bond Buyers Are Sleeping Better At Night

Forbes reports:

The worst threat to the hordes of Americans shifting their savings into bond funds is shrinking by the month. The rate at which corporate borrowers have bilked bondholding investors slipped for the seventh straight month in June, the rating agency Moody's announced on Thursday. The default rate dropped from 7.5% in May to 6.1%, the lowest level in 15 months.