Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open.

Is there any real purpose in purchasing bonds?
You ask a question, "Is there any real purpose in purchasing bonds?" and then appear to go off on a rant. Before the question is closed by members here, let me offer this:  This chart reflects the 10 year bond rate. From 1960-2004 (give or take) the coupon rate was over 4%. Asset allocation suggests a mix of stocks and bonds seeking to avoid the risk of having "all of one's eggs in one basket." To that end, the simplest approach is a stock/bond mix. Over time, a 70/30 mix provides nearly 95% of the long tern return, but with a much lower volatility.  I'm not going to suggest that a 2% 10 year bond is an exciting investment, but bonds may have a place in one's portfolio. I'm not going to debate each and every point you attempted, but #5 is especially questionable. If you feel this is true, you should short bonds. Or you should at least 99% of the time. Do you have data to back up this statement?