.......Even in the most pessimistic of situation, u should have at least a bit of equity exposure. Let's say 80% bonds 20% equities - in a boom, bonds deliver the incomes, equities provide some capital gains; in a crash, u may lose up to 10% (assuming equities crash up to 50%, your 20% will go down 50%, thus the portfolio as a whole drops 10%), but your bonds will rise due to yield compression.

Yield more invertly to bond prices.

Bond price go up = yield go down
Bond price go down - yield go up

Sorry I've never really studied about the theory behind yield curve

Simply said, e.g. RM1mil 3% bond. If today price fall to RM900,000, the yield would be 3.33%. That's yield compression for you.

IF u buy today, u pay RM900,000 and u get RM30,000 income per year, thus 3.33% yield.
BUT if u bought it at RM1mil, u will get a fair value loss (i.e. paper loss) of RM100,000.

Typically, in a recession, investors flee to bonds.

supply < demand
Price go up = yield go down

In a boom, investors sell bonds and move to equities.

supply > demand
Price go down = yield go up

Chill bro I'm not trying to prove that I am correct.
Just wanna get some opinions from sifus around.
Thank you for the feedback.
Impressive modelling skill you have there.
The sentences in bold is really enlightening.

Edited,

Further question is out of topic.
I'll leave it here for now.

Dividend mari pulak

Watch the space in FSM thread, I'm typing it now