Will we short term bonds holders lose if FED rates pivot starts on April?

I bought some BIL – 1 to 3 months bonds – to get a 4% per year w hile I keep money waiting.

However FED could stop rate hikes and pivot after april (of course nobody knows, let’s assume that)
If that annoucement comes out, I suppouse rates will drop and so BIL.
So does it really worth to stay invested in BIL to be hedged agains inflation while waiting?
Insight appreciated.



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