This is a quote from page 6 of the Recession Playbook.
They also say that you need to buy into bonds before a recession is officially announced because bonds would have appreciated already by then. Otherwise you are just gonna be selling low (equities) and buying high (bonds).
Is it time to increase bond allocation? Bonds etf in general have spiked recently from presumably the interest rate cut pricing in. Is a 2% savings account a better idea?