I'm just wondering what your thoughts are with regards to ultra short term bond funds such as the Schwab YieldPlus Fund - Select Shares (SWYSX) for storing some of my cash? I know that with longer term bond funds you run the risk of the NAV going down when interest rates rise. I recall that in December 1993/January 1994 I put money into the Strong Short Term Bond fund, which was highly recommended in various places, and then as the Fed raised interest rates, 7 times I recall, in 1994 I watched as the NAV sunk. Anyway, for those more astute than me in this area what do you think about SWYSX to put $50k in?