From the Wall Street Journal
The start of 2013 shows that bond-fund investors need to be on their toes. It's an outlook where it may pay for investors to be cautious, but not completely defensive.
One new type of bond fund can be useful in this environment:
Another option for collecting yield but managing risks of a future increase in interest rates are ETFs designed to mature just like individual bonds. These funds allow investors to build a "bond ladder" where the funds mature at specific dates in the future when money will be needed. Read more