As interest rates are set to rise, investors should position themselves away from bonds to avoid being caught in a severe fall in prices, Dan Deighan, founder of Deighan Financial Advisors, told CNBC Tuesday.
"My biggest fear is the bond market. There is going to be a meltdown in the bond market," Deighan said.
"It's time to get out of bonds," he added.
The US Treasury is auctioning $118 billion in coupon securities this week; a $42 billion auction of five-year notes is scheduled for later Tuesday.