Perhaps the right time is to not time the bond market

One thing is quite certain at this point - the Federal Reserve will cut rates this year. It is a matter of when the first rate cut will take place, and the number of rate cuts expected this year. After a brief period of mostly dovish expectations, recent data reveals that inflation is stickier than the market was expecting. This is exacerbated by the possibility of a widening conflict in the Middle East, which would drive up oil prices and stall the impending rate cut.

Nevertheless, bond funds remain favourable at the moment because the NAVs of many bond funds are headed back towards their historical lows as a result of red-hot inflation data and the widening conflict.

As we cannot predict when the first rate cut will occur, starting a regular savings plan (rsp) into a bond fund might be a good idea. I would allocate up to 50% of idle cash towards a monthly rsp into a bond fund.