FYI: For holders of bond funds, the Federal Reserve is providing a reminder that even those buttoned-down, conservative investments carry some risk.
Bond prices fall as interest rates rise, and the Fed raised its benchmark interest rate by another quarter of a percentage point Wednesday. The central bank also said it may raise rates two more times this year, a faster pace than it indicated a few months ago.
Regards,
Ted
https://abcnews.go.com/Business/wireStory/fed-raises-rates-popular-bond-index-funds-pinched-55899532
