Bond market reminder of market fragility
ANALYSIS: Traditional balanced funds, exposed to low yielding bonds, look vulnerable.
From September 2020 to March 2021, the US long-dated bond market suffered one of its worst-ever periods of decline. The iShares 20+ Bond ETF dropped 20%. This happened because just 1% was added to long-dated bond yields. It is a good reminder that in this low-interest rate environment small
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