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Bernstein: Short-Term Bonds Are the Least-Bad Choice

Author Bill Bernstein thinks fixed-income investors will be sorry if they reach for yield with longer-dated Treasuries or junk bonds.

Christine Benz: Hi. I am Christine Benz for here at the Bogleheads Conference, just outside of Philadelphia, and I am joined today by Bill Bernstein. Bill is an author of several books about money and economics and economic history.

Bill, thanks so much for being here.