Apply the lessons of that boring trading year to today's market.
If money's already tight, long-term rates may have already peaked.
From overweighting dividend stocks to avoiding high-yield bonds, this is how I'm playing things here.
The $1.5 billion of 10-1/2-year debt will reportedly pay 5.75% to 6% interest.
A bearishly biased out-of-the-money long put 'shooter' expiring in January.
This market volatility reminds me of two other manic and headline-driven times.
For income seekers, these instruments may be a 'prudent approach' to diversification.
Investment advisors are watching the rate-hike outlook, the equities market and commodities vs. the U.S. dollar.
The bond markets are still not fully pricing in the nascent inflation.
China's buying and selling of Treasury bonds is entirely related to managing their currency.