Bonds Outperform Stocks in Best Start to a Year Since 2008

Bonds beat stocks last month for the first time since August as fixed-income securities worldwide enjoyed their best start to a year since 2008.

Japan $314 Billion Rout Tests Topix Bulls Who Pushed Gain

The biggest drop in Japanese shares since the 2011 earthquake erased $314 billion in market value, shaking bulls who pushed the Topix Index to five-year highs and highlighting their vulnerability to shocks at home and abroad.