lawman
Thinks s/he gets paid by the post
The Fed now has short term interest rates set at .75% - 1%. Some Intermediate investment grade bonds with duration of 6 years are down as much as 9% or more. With bond values so low I wonder how much of the raising of rates is already cooked into bond prices. Will bond values go lower if the Fed raises rates another point over the next 2 - 3 months? How much more if any would these bond values drop if the Fed increases rates another 2% within 5 months?