Fixed Income SS8 Schweser Pg 54

Last paragraph, it reads: if interest rates are expected to rise, buy short-duration bonds and sell long duration bonds if interest rates are expected to fall, buy long-duration bonds and sell short-duration bonds I can’t seem to understand how, any thoughts are appreciated

the longer the duration the more sensitive a bond is to changes in interest rates. Therefore, if rates are to fall (bond prices up) you want to have a long duration portoflio as it will increase more than a short duration bond portfolio. The opposite holds true if rates are expected to rise- in order to limit your exposure to losing value in your bonds, you want to sell all your long term bonds and pick up short term bonds.

awesome thanks