Buying 30-year bonds? Locking in today's rates -2-

With a bond fund, you may not get to make that call at all. A fund holds bonds for thousands of people. When enough of them take their money out, the manager sells bonds to pay them at whatever the market offers that morning, and everyone still in the fund absorbs it. They don't have to be panicking. They may just need the money, same as you.

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