It is not necessarily the best tactic to just buy the highest-rated bonds

Expect government bond yields to rise

As we are all aware, following nearly a decade of loose money bidding up the price of nearly all assets, long-term government bond yields are currently very low from a historical perspective.

Corporate bonds do offer somewhat higher yields and while credit spreads are higher than they were in the run up to the financial crisis they are currently at or close to post-crisis tights. Therefore,...