Even with low yields, bonds play a really important role in providing a cushion against shocks in other parts of the market.
~ Mike Pyle, global chief investment strategist, BlackRock Investment Instiute, as quoted in Barron's, "The Trend Isn't a Friend: Bond funds are hot, but the yield-hungry should be wary," August 3, 2019
Aug 3, 2019
BlackRock strategist: bonds act as a shock absorber (2019)
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