Is it time to flee short-term bonds?
We couldn’t have said it any better than Catherine Gordon of the Vanguard Investment Strategy Group:
“I also think that we often talk about trying to time the stock market. You know, is the market going to go up, is it going to go down? But trying to time the bond market is just as difficult as the stock market because people have been convinced for years that rates are going up. And so I think applying that same logic to the difficulty of timing bond moves is just as difficult as timing stock market moves.”
