> there is practically no way the US bonds would not pay out or lose value. Bonds can "lose value" and they did so quite strongly in 2022/23. If you bought 20

> there is practically no way the US bonds would not pay out or lose value. Bonds can "lose value" and they did so quite strongly in 2022/23. If you bought 20-year bonds in 2020 for $100 they are worth $60 now (and were as low as $55 in 2023). Getting $1 per year is far from compensating the loss. They will recover gradually until they "pay out" $100 but right now they're underwater.