The overdue migration of institutions and individuals out of money markets and long termbondinvestments just started based on monthly equity mutual fund inflows.
For traders, says Mr Jarnefelt, "information is everything" though as long-term investments, bond prices are particularly sensitive to events with long-term impacts.
Consider alternative investments for your intermediate-term goals like short-term bond funds, municipal bond funds or income funds that include dividend-paying stocks in the mix but watch for bonds with long maturities.