Yes, absolutely true. However, here's what I'm basing my present purchases on: the fact that Maybank Singapore has pegged a 5-year home loan to a FIXED rate of 1.5%

The interest rates will stay low for the immediate future - that's what I'm betting on.

Ultimately, they will rise, but by then, I would have sold the bonds and moved on to the next safe thing Or, newer bonds with a better yield. New bond offering yields will have to rise in tandem with the interest rate environment, otherwise there'll be no takers.

You're a sophisticated investor (much more than me lol). I'm sure you will.

Just pointing out to TS that bond fund are not the typical "buy-and-hold-forever till retirement" fund that your parents gen are used to. Its more of a cyclical trade-in-and-out.

Kinda like USO ETF. If someone buys that and hold for 20 years thinking its like QQQ or SPY A, they will be in for a big shock...