New York
THERE are plenty of reasons to be bearish on US government bonds. They pay almost nothing, the Federal Reserve wants to raise interest rates and money managers are largely convinced they're too expensive.
None of that really matters to Steven Kurashima.
Just last week, the 58-year-old accountant and his financial adviser shifted more money into US debt.While he needs his assets to grow to pay college tuition for his two children, Mr Kurashima decided to lock in gains from stocks after their dizzying ascent in the past six years. And holding onto that capital is especially important now as he edges closer to retirement.
"I just want to preserve capital," Mr Kurashima said from his office...
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