"Transitioning from Cash to Bonds: A Guide for Investors"

Nuveen's chief investment officer suggests that investors holding cash should consider buying bonds before the Federal Reserve pivots to rate cuts, as higher yields still present buying opportunities. With assets in money-market funds reaching about $5.96 trillion, there's debate about whether this cash will move into the stock market, but Nuveen advises adding duration in fixed-income portfolios. U.S. investment-grade corporate bonds offer roughly 5% yields, high-yield bonds around 7.6%, and leveraged loans around 9%. Despite the rally in bonds, Nuveen warns of a slowing U.S. economy and advises investors to be nimble and flexible.