According to CNBC, investors in a traditional 60/40 portfolio saw losses on both sides on Wednesday, as the S&P 500 fell 0.7% and the 10-year Treasury yield rose above 5.1% to its highest level since 2007. The iShares Core 60/40 Balanced Allocation ETF (AOR) dropped 1% in Wednesday trading. Brad Collins, senior fixed income client portfolio manager at Vanguard, said the 60/40 portfolio remains viable over the long term, while Lotfi Karoui, multi-asset credit strategist at Pimco, said the 2022 selloff was different because investors were hit by both higher yields and weaker risk assets. Steve Laipply, global co-head of iShares fixed income ETFs, said income can help diversify portfolios and provide a cushion. Amy Arnott, portfolio strategist at Morningstar, said investors in long-duration bonds could still face losses if rates keep rising, while short- and intermediate-term bonds should be relatively insulated. She also said investors near retirement may want to consider Treasury inflation-protected securities, including VTIPTIPTIP and TIP, and noted that VTIP has a duration of 2.4 years versus 6.28 years for TIP.