Especially during market bears, equity loses value and it is a good time to purchase more of it.
It seems that the price of bond funds recovers more slowly from falls due to interest rate increases (source).
Therefore, if I need to rebalance by selling part of my bond fund but the price has not recovered yet, I realize a loss.
On the other hand, bonds are expensive when stocks are cheap, so I shouldn’t really worry. Except correlation increases with high inflation + interest rates (or low inflation + interest rates)!
So, between individual bonds and bond funds, which would you hold in your portfolio?