I've been getting this question a lot lately: "why should I hold bonds in my portfolio?" And as is the case with any question that (a) is a good one, (b) I've been asked a lot, and (c) I'm likely to get asked again in the future (probably even decades from now!), it's worth talking about at length. Hence: this article! The primary argument I hear is this: "Interest rates are low. The Fed has made it clear that they're likely to stay low. Given this, why should I hold bonds?"