The COVID-19 outbreak has thrown global stock markets for a loop, with the Dow Jones Industrial Average (DJINDICES: ^DJI) down almost 30% from their recent highs. Those with stock-heavy portfolios are scared to look at their brokerage statements because of the losses they've likely endured.
However, even as stock markets have fallen, another asset class has done well. Many bond investments have gained a significant amount of value so far in 2020, and that's helped those with balanced portfolios with both stocks and bonds hold up better than they would've otherwise. In fact, bonds are doing so well that investors are wondering whether they should add more bonds to their investments.
Bonds have a reputation for safety, but they can still lose value. Image source: Getty Images.