ACAMY C. ARNOTT

1. Article · Aug 1, 2026 · By AMY C. ARNOTT

   Let’s talk about bonds (opens the original)

   Excerpt · English

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   A reader asked about the capital appreciation potential of bonds: It's sometimes said that bonds are a better investment than cash because bonds have the potential for underlying capital appreciation in addition to their regular yields. But what does the historical record say about that? Do bonds appreciate over time? And if so, how much? And how has this differed historically among different types of bonds? Strictly speaking, the underlying dollar value of most bonds won't appreciate. With few

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2. Article · Jul 27, 2026 · By AMY C. ARNOTT

   Use TIPS in your portfolio (opens the original)

   Excerpt · Neutral tone · English

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   Treasury Inflation-Protected Securities were introduced in 1997 to provide inflation-protected interest and principal payments. Unlike other bonds, which generate returns in nominal terms, TIPS act as a direct hedge against inflation. TIPS are bonds issued by the US Treasury with maturities of five, 10, or 30 years. They pay a fixed rate of interest every six months, but the amount varies based on changes in the principal value. Every six months, the Treasury updates the principal to reflect cha

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