Bonds might become a thing again with the interest rates above 3%.

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/...

Existing long-term bonds take a hit. Because if today you can get a 6% bond maturing in 2030, nobody will buy your 3% bond unless you price it down accordingly.

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.