Individual Bonds or a Bond Fund, and Where the Real Difference Hides
Holding a bond to maturity feels safer than a fund that dropped 13 percent in 2022, but most of that safety is an accounting illusion, and the real
Articles / Inflation & Fixed Income
Inflation & Fixed Income
2 articles
The 2022 Bond Crash, and the Duration Arithmetic That Caused It
In 2022 a 10-year US Treasury lost about 15 percent. That is the worst calendar year for the safest asset in the portfolio since at least 1928, and it was