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Despite market volatility, investors continue trading bondsjust with less involvement of the big banks.
Although their returns trail those of bonds, credit hedge funds continue to attract investors.
Companies use bond proceeds to pay for capital expenditures, signaling increased confidence in the economy.
Economies need government spending as well as central bank stimulus, investor says.
Political turmoil around reforms and a precautionary line of credit mean holders of Greek bonds are in for a bumpy ride over the next several months.
Pension plan will be fully repaid, while some bond investors will receive as little as 1 percent of what they're owed.