The Fed's tightening is so gradual that corporate bonds still offer good returns, a bond expert says.
From cash to closed-end funds, here's where to put your money.
But investors should not worry about the end of the business cycle, as defaults are low, says fund manager.
Bank loans are seen as a great way to diversify away from interest-rate risk; they are not, says a credit expert.
Junk-rated bonds are seen delivering good returns in the second half despite any Fed interest rate hike.
Low interest rates have led to a borrowing bonanza by companies with bad credit. Now, some analysts worry that prices for junk-bond ETFs are too high for the growing risks.