foreign bond fund

[natedogg]

I'm considering allocating this year's ROTH contribution to a foreign bond fund. I want to diversify against the dollar in case all the doom and gloom about it actually comes true. I figure investing in something foreign will help. Secondly, if US interest rates continue to rise, I assume this will signal a similar arise in Europe and Asia. Which means foreign bond fund could be good....

Thoughts? Thanks in advance.

natedogg