When To Take On Bond Risk….

Wrote a fun little piece on bonds: “T-Bills and Chill….Most of the Time

It never made much sense to me to take on a bunch of risk in bonds if they yield similar amounts to T-Bills (or even less!) So what if you only invested in riskier bonds when the spread is wide enough?

Sort of a rules-based value or distressed approach to fixed income… (Nerds may call this a tactical time series carry.)

Let me know what you think!