Dangers of buying bonds (Bloomberg Global Aggregate Index) in June 2024?

Apologies if this is not the right sub but I'm not sure where the best place to ask in relation to my broader stock portfolio is.

Equities are at an all time high, so I was thinking of shifting a small percentage of my equities portfolio to bonds, specifically a low cost fund that tracks the Bloomberg Global Aggregate Index. This is a longer duration and well established US bond index.

But I'm confused by the recent performance of this kind of bond index. Powell said for months now he would not be raising interest rates, but this index is still up and down unlike shorter term bond indices. I was wondering how to learn about what factors would cause what changes in this bond fund's performance, and how to assess the impact on my overall portfolio.

In other words, I'm trying to understand how to take some money off the table into bonds, but the chart is confusing.


Leave a Reply

Your email address will not be published. Required fields are marked *