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Bonds Are Your Hedge Again. But Caveat Emptor…
Bonds! They're your hedge again.
On August 3 -- so, a day after the Sahm rule triggered, sending out an air raid siren ahead of last Monday's fire and brimstone -- I wrote that "if there was a silver lining in an otherwise bad week for equities and risk sentiment, it was that bonds cushioned losses in balanced portfolios."
That week (the week before last), 10-year US yields dropped the most since Lehman and the long-end US Treasury ETF rose more than 5% for its best showing since the onset of
