Many old folks are invested (heavily) in Bond Funds and individual Bond issues. If they continue losing $$ (as they have been) , Biden will become an obscenity on every bathroom wall in every retirement home in America.
“Many old folks are invested (heavily) in Bond Funds and individual Bond issues. If they continue losing $$ (as they have been)” ,
Not many smart old folks. We moved mostly out of those some time ago. I have maybe 5% of my assets in bonds or bond related funds. One of those investments pays a 7% dividend, a very good return in this environment.