Buy Bonds Now? That Depends

Investors’ personal motives for buying bonds should inform what they do next.

I insist it is folly to quit sound investments because of a bad quarter, but the bond market swoon of early 2022 tests my resolve. When superb stuff such as tax-exempt toll-road bonds, taxable infrastructure municipals and BBB corporates suffer losses of 6% to 10%, that is true shock and awe.