Bond Basics: A Fixed-Income Primer

When the Federal Reserve is actively raising or cutting interest rates, the question of how much value bonds bring to a portfolio can tie investors in knots. Our view is that bonds serve an important role for long-term investors year in and year out, no matter where we are in the interest-rate cycle. To help you gain a better understanding of fixed-income investing and provide a foundation for future conversations, let’s go over some of the basics.