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 Morningstar.com 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.