Portfolios include Short-Term Bond Index, which holds an assortment of corporate and government bonds, and more specialized offerings like Short-Term Corporate Bond and Short-Term Federal, which holds government and agency bonds.
Short-term bond markets have hiccupped.
The issue applies to the short-term bond market, too.
On the conservative end of the risk spectrum, he likes the Fidelity Short-Term Bond fund.
"If you take that away, they just become short-term bond funds".
As options, he also recommends Vanguard Short-Term Treandry and Strong Short-Term Bond fund.
Such low rates will also keep a lid on short-term bond yields.
That would give the government breathing room, analysts said, by eliminating many of the short-term bond auctions like the one just canceled.
In 2002, a turbulent year in the bond markets, many short-term bond funds that started the year with higher yields underperformed their peers over all.
Even if the city can complete a short-term bond sale, the state may need to take control of Waterbury's finances, Mr. Ryan said.
He uses Vanguard funds for its short-term bond holdings, Thornburg funds for intermediate-term issues and T. Rowe Price for long-term municipal bond holdings.
