No. of Recommendations: 3
There have been a number of messages on this board from people expressing great reluctance to invest in bonds right now, because of the likelihood that interest rates will rise and bond prices will fall. However, an article on the Vanguard web site expresses the view that it can be an advantage to bond owners for interest rates to rise. There can be initial "pain" followed by a longer term net gain. I am interested in knowing board members' opinions of the views expressed in this article. The url is

http://flagship5.vanguard.com/VGApp/hnw/web/corpcontent/vanguardviews/jsp/VanViewsNCArticle.jsp?chunk=/freshness/News_and_Views/news_ALL_rateaffects_06242004_ALL.html
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