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Bonds should be boring, but they’ve been on a roller coaster
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In a period fraught with risk, it makes sense to hold safer assets, and that still means bonds, but the roller coaster is bound to start lurching again, says the writer.
PHOTO: ILLUSTRATION: PETE RYAN/NYTIMES
Jeff Sommer
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NEW YORK – Bonds are supposed to be dull, churning out income with soothing regularity. But many bond investors have been having a distressing experience lately.
For several years, bond prices have been lurching like an out-of-control roller coaster, and holders of bond mutual funds and exchange-traded funds (ETFs) have endured an exceptionally wrenching ride.
