Stocks May Be Booming but Dont Forget Cash and Bonds The New York Times
And while bonds have been especially volatile of late, there are signs that these swings are peaking. Higher yields have also reduced the duration risk (the risk that a bond’s price will fall as rates climb) for fixed-income assets at the same time that economic growth is becoming more of a concern. That all suggests that risks are piling up for the equity market next year while bonds might become less risky. Bonds are more reliable than they were last year because yields are already high. Most investors...