"It is an income regime... You can continue to build these investment grade rated portfolios that can yield 6.5%... That allocation, I cannot remember one like that." With base rates elevated due to sticky inflation, high-quality corporate bonds offer historically attractive yields. Investors can lock in equity-like returns without taking on the downside risk of the stock market during a period of intense geopolitical and macroeconomic uncertainty. LONG investment-grade corporate bonds to capture high yields while playing defense against equity market volatility. Inflation spirals completely out of control, forcing the Fed to hike rates further, which would cause bond prices to fall.