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What Rising Rates Mean for Your Bonds

Morningstar's Eric Jacobson on the mechanics of rising rates, the most sensitive areas of the bond market, and some practical tips for worried investors.

Christine Benz: Hi, I'm Christine Benz for Morningstar. What will rising rates mean for bonds and bond funds? That's a burning question for investors today. Here to answer that question for us is Eric Jacobson. He is director of fixed-income research for Morningstar. Eric, thanks for being here.

Eric Jacobson: Glad to be with you, Christine.