For Battered Bonds, Threats of Further Losses Linger
Inflation punished bondholders in 2022, but they are still betting on much lower rates than the Fed is forecasting, risking a repeat.
Below is an instruction that describes a task. Write a response that appropriately completes the request.

### Instruction: For Battered Bonds, Threats of Further Losses Linger

### Response: Inflation punished bondholders in 2022, but they are still betting on much lower rates than the Fed is forecasting, risking a repeat.