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If you've been waiting on the sidelines for the Fed to start hiking rates to lock in higher yields,

don't wait that long because typically what happens is the market anticipates that,

particularly in an environment where the Fed is talking so much about it.

Welcome to the Baron Streetwise podcast. I'm Jack Howe and the voice you just heard,

that's Kathy Jones. She's the chief fixed income strategist at Charles Schwab

and she's going to talk to us about investing in bonds. Hang on, don't go. I know what you're thinking,

bonds are those boring things that pay next to nothing and they're not as fun as stocks. Those

things are mostly true but some bond yields have suddenly jumped and there are other income

generating investments that are looking more interesting. In a moment we'll hear more about that

from Kathy and a top money manager who specializes in income investing.

Listening in is our audio producer Jackson. Hi Jackson.

Hi Jack. Bond yields her up right a year ago a two year treasury paid just 0.2% and recently

it yielded 2.3%. Now 2.3% isn't a return to jump for joy over but it is a big increase from

a low base and most of that increase has taken place this year. Jackson, I understand you recently bought

a bond. You're a younger guy. Is this your first bond purchase and what kind did you buy? My very

first bond purchase so I'm pretty sure my great grandmother gave me one of those paper bonds when

I was 5. Like a double E savings? I don't know what letters there are. Yeah they like say $100

and I got excited because I thought that's what it is but no that's what it's worth in 20 years so

do you have plans for that money? We'll talk about that later. What kind did you buy for yourself?

...