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If you're talking about the current real world environment, I hate to tell you, but interest rates in the U.S. are not going to rise for years, probably 5 years. In this sort of environment, where interest rate hikes continually get pushed out, longer-term bonds will do better than shorter-term bonds. The Federal Reserve, after expanding its balance sheet so much, has many tools to tighten, before it will revert to raising interest rates.

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