That could mean moving money into cash savings that pay higher interest rates than you can get from your bond portfolio.

With a 30-year time frame, a lower-risk equity and bond portfolio should deliver a relatively stable and rising income.

I have millions of dollars in my bond portfolio and am up $500,000 this month alone.

The revelation could raise wider questions about the quality of the bond portfolio acquired by the central bank.

He demonstrated how they are the simplest case of the technique known as bond portfolio immunization.