How bonds perform when interest rates rise and stocks decline. : The Indicator from Planet Money Ever had a pet turtle? Try a pet bond! They're a reliable addition to your 401k that can be valuable even when stocks are down. We discuss why bonds belong in your terrarium (or retirement plan).

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Why are stocks and bonds both falling?

Why are stocks and bonds both falling?

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Ishara S. Kokidara/AFP via Getty Images
A sea turtle swims in a tank at the Sea Turtle Reserve Centre in Kosgoda.
Ishara S. Kokidara/AFP via Getty Images

Moves sloooooooowly. Has a long life span. Yields regular deposits (presuming a healthy diet of either pet food or gross revenue). It's a turtle! Wait–it's a bond?

The bond market is getting hit hard by inflation and rising interest rates, so today we talk with a personal finance expert to investigate this essential part of a retirement portfolio–and what bonds have in common with the aforementioned reptiles. Strap on your shells!

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For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.