Originally Posted by ScaredtoQuit
I finally see your point. (I think) However, I would like to point out that these aren't real losses... they are more like opportunity costs. But I suppose if I were in that situation, they would hurt just as bad.
I guess if you were talking about TIPS or similar, I wouldn't much care about the unrealized losses. Otherwise it is a matter of not getting compensated for inflation.
If you are talking about maturities of 5 years or less, its academic anyway due to interest rate risk being relatively small.