Today I purchased $10,000 worth of Series I bonds as part of my "cash" or fixed income allocation. Over the next eight weeks I plan to increase my bond ballast from 2% to 10% (I'm using the suggested formula of 130 minus your current age for bond allocation). 

For my bonds, it's mostly comprised of $VGIT which I think is a nice balance between short-term treasuries (<2 years) and long-term bonds (10+ years). The duration is about 6 years and currently yields about 5% interest. I like the idea that it's not corporate bonds so there's no correlation if there's a market correction since this ETF entirely holds U.S. government bonds. The only weakness is that there's no international exposure, so in theory, the concern is that the U.S. dollar is at risk, which is a real possibility. But given the reserve currency status, I don't foresee any other alternative at this time. 

I may want to explore allocating some of the bond exposure to international government bonds. I know Vanguard has one that is hedged against FX but need to learn more. I'm starting to be at the age and asset level where having some stability helps with me sleeping peacefully at night. Seeing $QQQ post another 10%+ return this year is quite surprising.

If you like reading about this topic, you should check out TIPS Watch which goes into greater detail about why this is a very attractive offering.

Looked into buying some bonds to hedge against the run-up in AI trade this year. 

I like VGIT because it doesn't have corporate risk and is entirely U.S. treasuries with an average duration of approx. 5 years.

Represents only 2% of my portfolio currently, but I have some covered calls that might mature ITM by year-end, so I plan to rotate into VGIT and VTI once these gets called in.

Been extremely busy with life and such. Just wanted to post that the market indeed is inefficient. Bitcoin is down today, yet the call option increases in value!