Hey there.
Bond prices are inversely related to interest rates. What this means is that if you do believe that rates have stalled and will lower in 2024, that lowering of rates would bring positive price action to those bond funds.
I also do predict we have witnessed the last of rate increases and could see a decrease in late 2024 or 2025.
It's very important to understand that yield does not equal return. On a money market fund or HISA ETF, your return is your yield. However, with those bond funds, your return is price movement and yield.
If we witness rates go down in 2024/2025, you could see those bond funds rise in price and still pay you a yield while the money market/HISA funds will lose yield.