Bonds were supposed to save the day. Here’s why they haven’t – yet

Now, back to the letdown. When bonds disappoint at crunch time, it’s usually because they’re too short term and have too much ...

Maybe don’t think of fixed income as fixed

Fixed income. It sounds like a declaration - steady, pre-determined, boring in the best possible way. You lend your money, you collect your coupon, you get your principal back. What could go wrong?