Bonds will take a hit if interest rates keep rising. (Look at how they’ve done year to date.)
If you want to actually hedge your investments, use a collar.
https://www.investopedia.com/articles/active-trading/011515/...
If you want to actually hedge your investments, use a collar.
https://www.investopedia.com/articles/active-trading/011515/...
But if you keep getting them in 1-year increments as long as you expect the rates to rise, you just keep cashing out at maturity and reinvesting at the yield rate of the day.