Pro tip: check your bond after a rate hold, not before

I was dead set on keeping my bond fund allocation fixed. Last month the Fed held rates again and my short-term bond ETF still dropped 3% in one week. That made no sense to me until I looked closer and saw the fund held some longer maturities. I moved half of it into a money market fund and shaved my expenses. Has anyone else seen a bond fund lose value during a rate pause?

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