that party’s ending. Government debt is piling up across the developed world, and investors are demanding higher returns to cover the risk that creates. The silver lining is that bonds are finally paying decent yields again – JP Morgan expects intermediate, 2- to 10-year Treasury bonds to return 4.6% annually, their best outlook since the financial crisis.

Here’s what this means for you*.* If you’ve been ignoring bonds, it’s time to take another look. They’re offering real income again. Just don’t expect to see the kind of price gains that made bonds so popular over the past 30 years. Think of these assets as your portfolio’s steady earner, not its growth engine.

2. Inflation isn’t going back in its box.

The days of low Source link