It’s time for a bond fund check-up

Investors hoping to ride the curve of falling interest rates as the Federal Reserve embarks on its easing cycle, may be in for a wake-up call, according to investment management giant Vanguard. 

"We expect interest rates to remain relatively high compared to those since the 2008 global financial crisis, even if the Fed continues to cut the federal funds rate as expected" wrote Andrew Patterson, Head of Active and Alternatives Research and Ning Yan,  Investment Strategy Analyst in a note titled: Rates, they are a-changin’.