Some follow up thoughts on this topic. Rates and inflation are two topics on top of mind for bond and stock markets right now. Rates have risen from their historical lows. They were kept low artificially by the Federal Reserve for more than a decade to deal with multiple financial, employment related and health crisis. At the same time, inflation rose rapidly during the last 2 years in America, which meant the Fed tried to raise rates to not let inflation get out of hand even further. Rising rates will not only have direct consequences for performance of bond and stock markets, they will have many indirect impacts on mortgage and the housing markets, credit card and other consumer debt affordability, student loans and so on. While we do not know what the future brings and if rates will head lower, the timing of the impact on the markets and so on, we can't be oblivious to it and must have a certain level of awareness about the conditions. Recognizing, at a minimum, the current rate conditions and the potential of them rising further should be a good starting point for everyone to further research the subject and see how