Investors: It’s time to beef up and ready your portfolios for a bounce in bond yields.
Bond yields are moving higher. Over the past three months, the yield on the benchmark 10-year Treasury Note surged nearly 10%. That yield now sits at 1.73%. Right after the UK’s surprise Brexit vote in late June, the 10-year yield fell to 1.36%.
Given the likelihood of global central banks not being as dovish as the market priced in AND the Fed’s ongoing rate hike campaign, you need to plan now.
Fortunately, the task is easy with the help of a few targeted exchange-traded funds (ETFs).
Here are 3 ways to prepare your portfolio for rising interest rates.