Building up my cash reserves higher than usual for a few reasons. Currently in SPAXX at around 3.3%, likely to increase along with FFR. I've been considering 6 month CD's or Treasuries for 4.5%, but not in a huge hurry since SPAXX will likely approach that yield with the next couple of rate hikes.
However, I saw a 6 month Baa/BBB corporate bond with 8.41% yield from Credit Suisse. The high yield makes me think ooh ooh buy now, but also, oooh, why so high, maybe scary.
Thoughts?