
Mike Zaccardi reiterates a buy rating on the iShares Core US Aggregate Bond ETF (AGG), highlighting its attractive 4.87% yield-to-maturity and solid risk/liquidity profile. AGG provides broad, low-cost exposure to investment-grade US bonds with a duration of 5.72 years, making it a reliable core holding for portfolios. Despite short-term risks, especially in the fall months, the ETF's yield buffer and reinvestment opportunities support a positive long-term outlook. Current market conditions, including low equity risk premiums, make AGG a prudent choice as bond returns may compete with US large-cap stocks over the next decade.