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 increasing likelihood of a Fed rate hike in December, 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.