Short-term Treasury yields skyrocketed throughout 2022 reaching levels not seen in almost 15 years. In early October, the yield of the 6-month T-bill topped 4% for the first time since 2007 and by the end of the month had topped 4.5%.

Recently, many market commentators have been preaching the message that fixed income investors should stick to a low duration strategy.

Drew O’Neil discusses fixed income market conditions and offers insight for bond investors.