GlobalTrekker

Why I'm Lowering My Bond Exposure

Sifting away all the clumps of verbiage, bonds are way up, so they're not cheap, so sell them.

Of course, that does little for the grand majority of us who make fixed-income investments in order to receive income, more or less fixed.

Guessing treasury and mortgage rates is a more foolish enterprise. I, too, can tell you with absolute certainty that they will go up. That means nothing. The question is when, precisely. That is immensely complex, and beyond the expertise of any of us writing here.