Let’s see what the big money has been buying — and selling. - 20th Century Fox/Courtesy Everett Collection Short-term bond funds, such as those run by Vanguard, are paying 4% or more right now and entail relatively little inflation or interest-rate risk. And if Tuesday’s news from Wall Street is any guide, they may turn out to be a smart buy. Most Read from MarketWatch That at least is the take from Bank of America’s latest global fund-manager survey, where BofA Securities polled hundreds of the top i ...