So a two-year bank CD or a Treasury inflation-protected security yielding around 2%, and short-term investment-grade bond funds at 2% plus, aren't the end of the world.

因此收益率在2%的两年期银行定存单或者通货膨胀保值型国债，以及收益率在2%以上的短期投资级债券基金都属于不错的选择。

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Long-term bond issues have become scarce and American money-market funds, hitherto buyers of short-term bank bills, are running scared.

长期债券的发行量已经很少，美国短期借贷市场基金，短期银行汇票的购买者到目前为止也越来越感到恐惧。

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Short-term bond funds also take at least one day to liquidate, and some may have penalties to prevent rapid trading into and out of the fund.

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If you own bond funds, you can either opt for funds with shorter durations or create a fund barbell by mixing long-term and short-term bond funds.

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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.

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