Shorter duration bonds have held value as almost all other bonds have declined.
Why can't your mutual fund prevent losses in a rising rate environment? They are WAY too big to hedge or rotate their portfolios. Sorry, that's the business model.
We've been overweight short duration bonds for months and while it didn't feel good before, it sure feels good now!
Robert Lloyd, CFA®
Chief Investment Officer
Lloyds Intrepid Wealth Management
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