What Every Investor Must Know About Bonds in 2018

I’ve been getting a lot of emails from readers worried about how closed-end funds (CEFs)— especially bond-oriented closed-end funds —will perform next year, when the Federal Reserve raises interest rates. And that’s definitely a when and not an if —there is too much good economic data to suggest the Fed will back off its rate-hike plans, which both it and most US legislators desperately want to happen. (A couple weeks ago, I gave you my outlook for the US economy in 2018 and named 5 non-bond CEFs to buy before the New Year arrives. Click here to read that article .) The conventional wisdom on rates and bonds is simple: rising rates are bad for bonds.… Read more