--- title: Will Rising Rates Hurt Bonds? | TIME description: Money contributor Jill Schlesinger explains how rising interest rates will afffect bonds and if it's time to rebalance the portfolio. canonical: https://time.com/video/AbdpXtp8/ og:title: Will Rising Rates Hurt Bonds? og:description: Money contributor Jill Schlesinger explains how rising interest rates will afffect bonds and if it's time to rebalance the portfolio. og:url: https://time.com/video/AbdpXtp8/ og:image: https://cdn.jwplayer.com/v2/media/AbdpXtp8/poster.jpg?width=720 og:type: video.other twitter:card: summary_large_image twitter:title: Will Rising Rates Hurt Bonds? twitter:description: Money contributor Jill Schlesinger explains how rising interest rates will afffect bonds and if it's time to rebalance the portfolio. twitter:image: https://cdn.jwplayer.com/v2/media/AbdpXtp8/poster.jpg?width=720 --- # Will Rising Rates Hurt Bonds? > Sponsored content. Supplied in partnership with TIME. 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They are at time.com/newsletters and are separate from a paid subscription. ## Video: Will Rising Rates Hurt Bonds? [Watch (HLS stream): Will Rising Rates Hurt Bonds?](https://cdn.jwplayer.com/manifests/AbdpXtp8.m3u8) (2:53)  _Published 2016-01-20. Money contributor Jill Schlesinger explains how rising interest rates will afffect bonds and if it's time to rebalance the portfolio._ --- Jul 27, 2023 7:28 PM UTC --- ## More From This Series [All Videos](https://time.com/video/) [Suicide Rates Are Rising In Nearly Every State, CDC Says](/video/D1Rd8WR2/) ### Suicide Rates Are Rising In Nearly Every State, CDC Says [What's With The Fed and Interest Rates? Money](/video/ZjsduZFQ/) ### What's With The Fed and Interest Rates? Money [American Death Rate On The Rise ](/video/YAJ66C12/) ### American Death Rate On The Rise --- ## Transcript So the new year is when people start rebalancing and rebalancing means you're thinking about bonds. Bonds have been in the news lately and to help put everything into context, I have Jill [ UNKNOWN ] here to talk me through it. Hi Jo. Hey.. So are bonds safe? What's going on? Put this in context for the reader. First of all, bonds just come in a variety of different flavors. So obviously you're really concerned with getting your money back, a bond is an IOU, so some bonds are ultra safe, right? You lend money to the US government, you're going to get your money back. You lend money to Joe's Bar and Grill that has a strip club on the side, you may not get your money back. Yeah. So it depends the type, right? But we do know we're about to enter into a rising interest rate environment and that's getting people a little freaked out. Yes, so let me stop you there. The Fed raised rates at the end of last year. There's talk about four increases gonna happen this year. What do investors need to know about that? How should they shape their bond portfolio? Well, we always say bond prices are inversely related to interest rates, so- I've written that sentence a million times. Right, okay. So we know certain types of bonds are much more interest rate sensitive than others. So we know government bonds are sensitive, longer term bonds are more sensitive, So in general, it's not a great thing as interest rates rise for the price of the bond. But if you own an individual bond and you hold it to maturity, you'll get your money back. If you own a bond fund, you're going to reinvest those interest payments in dividends. at lower levels. So, actually it's not a terrible thing, it's not the death note for your position. How should investors think about bonds in a portfolio? What role does it play? I think of bonds as an important asset class that helps you be able to understand specifically how much you are going to get over a period of time and you need to know what your interest payment is going to be. Those two pieces of information Help you stabilize your portfolio. That's why I'm a really big fan of bonds, even in a higher interest rate environment. And really believe that investors need to kind of embrace the bonds, but be careful of the type of the ones you own. So, a lot of readers will hear the words Puerto Rico. [ LAUGH ] And kind of freak out a little bit. Yes. Can you help put that in context? Sure. There are certain parts of the world where lending money is a risky venture. Many investors put money, and lend money, to a tiny territory that, who is able Tons of money because there was a tax benefit. You really need to be careful, especially if you're putting money into something simply for a tax purpose. Think about not just the yield, you still have to be concerned about whether they can repay that money. So investors shouldn't be fleeing I don't think fleeing any asset class. You know what, I do believe that investors need to really understand how bonds work. What they can do for you and your portfolio. How they can stabilize returns over time. Especially as you go into periods where you may not be making as much money. Well thank you so much Jo. This has been great. Thank you. ```json {"@context":"https://schema.org","@type":"VideoObject","name":"Will Rising Rates Hurt Bonds?","description":"Money contributor Jill Schlesinger explains how rising interest rates will afffect bonds and if it's time to rebalance the portfolio.","thumbnailUrl":"https://cdn.jwplayer.com/v2/media/AbdpXtp8/poster.jpg?width=720","uploadDate":"2016-01-20T00:18:21.000Z","contentUrl":"https://cdn.jwplayer.com/manifests/AbdpXtp8.m3u8","embedUrl":"https://time.com/video/AbdpXtp8/","duration":"PT2M53S","potentialAction":{"@type":"SeekToAction","target":"https://time.com/video/AbdpXtp8/?jw_start={seek_to_second_number}","startOffset-input":"required name=seek_to_second_number"}} ```