As Rates Rise, Experts Recommend 'Barbell Approach' to Cash Savings and Treasurys

High-yield savings accounts, CDs, and money market funds are attractive for parking cash and earning rewards as rates rise.

Treasury yields have been climbing quickly, creating anxiety but also opportunities to lock in decent fixed income rates.

Experts recommend a "barbell approach" - mix of short-term T-bills and longer-term Treasurys and fixed income.

Yields have risen sharply recently across 2-year, 10-year, and 30-year Treasurys compared to a year ago.

Brace for potential bond price drops if the Fed keeps hiking interest rates, though now may be a time to extend duration.