Very few people want to talk about fixed income. It is all about stocks, stocks, stocks. Headlines love to reference the S&P 500, the NASDAQ, or the DOW. When bonds are the topic, the article is rarely as captivating as reading about new highs in an equity index. This article focuses on the least exciting investment position that no one really talks about. US Treasuries deserve their time in the sun.

What if I gave you this option:  You could outperform the market by 2% for eight out of ten years, but you underperformed the market by 0.50% in two out of ten years (all before fees).  Would you say yes?  It’s hard to say no.

In this post, we take a look at the relationship between average returns and the resulting money that you can actually spend. The relationship is not as obvious as one would assume.