If you listen to investment pundits, or read them with any frequency, you'll hear a consistent mantra: Bonds, particularly treasuries, are a losing proposition, at least in the current investment environment. Unfortunately, the analysis behind such a view isn't a valid reason for you to avoid them in your portfolio. That's whether or not you believe interest rates will fall or rise.
"Bonds provide much more protection than most people realize," says Peter Tchir, managing director of macro income strategy at Brean Capital in Darien, Connecticut. Read more here.
Photo by Michael Longmire on Unsplash
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