https://www.barrons.com/articles/bolster-your-bond-portfolio-1530915409As chief investment officer of Sierra Investment Management, Terri Spath sometimes finds herself playing the role of grief counselor when talking to clients about bonds. Gone are the days when investors could cozy up to 30-year Treasuries for ironclad protection against a downturn in stocks. And in a rising interest-rate climate, “risks are off the charts” for the broader fixed-income market. “Bonds are making our clients pull their hair out,” says Spath, who helps oversee $3.2 billion in assets at Sierra.
