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It is my opinion, when considering both the inflation component and the credit risk component, that most bonds are not providing any real value currently.
One strategy that should be considered is not buying any more bonds at present. The second is to take a careful look at your portfolios to determine if the yield to call or the yield to maturity indicates that you should take some profits while the opportunity is present.
The pivot that I suggest is utilizing some carefully selected CEFs and some ETFs to feed the yield gap both for inflation and for credit risk.