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The recent rout follows several years of generally falling interest rates and comfortable bond returns.
But it is also true that the one particularly enduring, comfortable bond that I share with my parents is tied to one thing: gambling on horse racing.
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"I feel very comfortable, very comfortable," Bonds said.
Oddly, says Lipper senior analyst Donald Cassidy, "a lot of people don't feel comfortable with bond funds because they've been told stocks are the place to be, long term".
Still, if Tracy was comfortable walking Bonds in the ninth inning of a tie game in April, that probably means there are few situations in which he would not walk Bonds and take his chances against whoever is on deck.
That is why I think they are appropriate for those of us more comfortable owning bonds.
Now, with banks proving willing to lend and investors comfortable with riskier bond and loan offerings, such firms are expected to push for bigger deals again, though not as large as the immense leveraged buyouts of three years ago.
Currently many baby boomers are comfortable with large bond allocations as this investment's performance has thrived over the past 30 years.
In the last six months, investors have become more comfortable with the bonds' risk and structure, said Daniel Keating, senior managing director for municipal bonds at Bear , Stearns
If you are more comfortable owning insured bonds, look for those guaranteed by Financial Security Assurance or Assured Guaranty.
Customers of traditional banks are not quite comfortable buying stocks, bonds or mutual funds from them online.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com