Exact(2)
Keep your durations short and ferret out callable high-yield bonds within a niche.
Always add a short extra amount (e.g. 10%) to your durations, covering you for unforeseen events.
Similar(6)
"Rather than bail out, it makes more sense to pull in your duration if you're worried".
One might argue that it has worked to your detriment, given that your duration on the treadmill has plummeted by an average of fourteen minutes.
Shorten your duration in anticipation of rising rates in an inflationary environment.
Extend your duration if you think interest rates will fall and deflation will take hold.
The risk of interest rate increases is great enough, I think, that it would be wise to keep your duration between four and five years.
Approximate your duration at the destination.
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