Walmart, Target bond offerings point to further rate hikes -CIO

STORY: A company filing showed on Wednesday that Walmart's bonds will be due between 2025 and 2052 and have a coupon rate of between 3.9% and 4.5%.

The Federal Open Market Committee Meeting is scheduled for September 20-21, where the Fed is expected to decide on whether to go for another 75-basis-point rate increase.

Target Corp is offering $1 billion in notes due 2032, while McDonald's Corp is offering about $1.5 billion in two-part bonds due 2052 and 2032, the companies disclosed in separate filings on Tuesday.

Vogelzang said he recommended "shorter-duration equities" with lower valuations, as a hedge against inflation.