As U.S. bank profits surge, bond investors, the people who lend money to banks, say they expect the good times to last awhile longer.

Companies such as NationsBank Corp., First Union Corp., and Chase Manhattan Corp. last week reported robust second-quarter earnings based on steady consumer loan growth and rising fee income. The winning streak probably won't end soon because the economy isn't about to stumble, bond investors say.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.