Bonds Are Doing What They're Supposed to Do. That's a Good Thing

Bonds Are Doing What They're Supposed to Do. That's a Good ThingAdvisors and investors typically embrace bonds for two primary reasons: income and portfolio protection in the event equities decline.Regarding the latter point, that's another way of saying diversification. However, there have been years in which bonds betrayed their propensity for diversification — a scenario that only works in investors' favor when bond prices are rising. That betrayal evaporate last year when bonds and ETFs such as the [ALP ...