Duration Is Not The Answer

Something I don't think I've ever talked about before, but I am not a fan of fixed income duration.

We have, of course, talked about this so often that I am sure I've lost readers for banging the same drum over and over for so many years.

The screenshot is just a nanocosm, a moment in time, but it captures the unreliability of fixed income duration. 

There is some yield where ten years or 20 years is adequately compensated, but four point something percent isn't it. If we ever get a yield that you think does provide adequate compensation for ten years or 20 years, just buy the individual issue, don't buy the ETF.