You bond portfolio holds the following bonds in the stated amounts and durations. If you believed that interest rates were going to go up and you wanted to position your portfolio to perform better in a rising interest rate environment, the bond most likely to be replaced based on Duration is: (recurring content question) IBM ATT Sears ATT or IBM; they are equally likely to be replaced given the information above Sears or IBM; they are equally likely to be replaced given the information above