Informative as well as affirming for me. You all know my feeling on bonds but I'm not hot on the funds. The big market drop of 2008 affirmed my belief in bonds as a stabilizing force in a portfolio. It is so reassuring that in the absence of complete company failure you will get back the face value.
Barrons today had an interview with Bill Gross and others. Gross expects no interest rate increases for at least two years the way I read it. Just too many negative in the economy to allow an increase. Not that I would know but I'll bet he is close.......and I have been investing accordingly. Ken