Yeah but the difference is that (non-index) mutual funds can actively allocate to different bonds so they have some protection against that. ETFs and index fund

Yeah but the difference is that (non-index) mutual funds can actively allocate to different bonds so they have some protection against that. ETFs and index funds are in big trouble. For them, it's the equivalent of having people buy and sell an index of classic cars. If there is a big sell-off then you can't really expect to get a great price on selling all these classic cars when they might normally be bought or sold a few times a month. Being a forced seller is never good....