term bond

If you're going to invest in bonds, your best bet is a short-term bond ladder. And you might do just as well with bank CDs.

The author of "The Investor's Manifesto: Preparing for Prosperity, Armageddon and Everything in Between" shares his thoughts.

Money market mutual funds are paying a pittance. Look to local banks, laddered CDs and short-term bond funds to achieve higher yields.

Everybody from wealthy individuals to big corporations has stopped believing in auction-rate securities as a secure type of short-term bond investing.

Now, bond issuers and banks are also trying to get out of the market. Bob Moon reports.