Still rattled by last year's bond slump, bank customers are buying short-term bonds instead of shares in long-term bond funds.

In a round of interviews last week, many bank brokerage presidents said their customers feel more comfortable with individual bonds.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.