You are a financial adviser. You advise your clients to have a diversified portfolios of stocks and bonds and in your previous presentation they remember you saying fixed income bonds for safety. They just opened their statement and found lots of red ink in the bond value.

You get a frantic call from your client asking why they lost money in a $$safe$$ investment. You answer the Fed just raised interest rates. The client says, $$What does the Fed have to do with the value of my bonds?

Want to keep this client, you better have a good answer.