It looks like there are 10-year corporate bonds being offered at around 4.5 - 5% by banks such as Goldman Sachs and Bank of America. Would folks here recommend buying these in a retirement account, or would they be considered too risky given the current economic environment?
I've never bought bonds before (other than T-bills, I-Bonds and TIPS), so this is something new for me. If I plan to hold it to maturity, is the only risk that I face the risk of default (i.e. the bank or corporation going bankrupt)?
Thanks, Anoop