Bond Bulls Bide Time

Updated from 7:34 a.m. EDT

The long-term bull market for bonds is far from over.

Even though government bonds posted their biggest quarterly loss in more than 20 years in the three months ended June 30, and most economists expect several more interest-rate hikes before the year is out, some pundits say there are reasons to remain enthusiastic about bonds.

"We think the secular bull market in bonds has years to run," said Lacy Hunt, chief economist at Hoisington Investment. "We don't think it's over by a long shot." ...