As the stock market crashed, investors looked for safety and ways to generate income. U.S. stocks are set to tumble on Monday as part of a global sell-off on fears of a recession. Investors were worried about Friday's disappointing jobs report and whether the Federal Reserve might wait too long before cutting interest rates. U.S. Treasury yields have also been falling as investors flee to safety, with the 10-year yield falling more than 10 basis points earlier in the session. Bond yields are inversely related to prices, with 1 basis point equal to 0.01%. The decline in U.S. Treasury yields has prompted Collin Martin, fixed income strategist at the Schwab Center for Financial Research, to change his view. He has been advising investors to gradually extend the duration of mid- to high-quality bonds. While these assets still have a role to play in portfolios and there may be opportunities if yields rebound, they are no longer as attractive as they once were, he said. US5Y 1Y Mountain 5-Year Yield In contrast, investment-grade corporate bonds are a potential opportunity where you can still get an average yield of around 5%, he said. By comparison, the 5-year Treasury yield is about 3.66%. “That's really attractive, especially given that we've seen Treasury yields fall significantly,” Martin said. Investment-grade businesses come from high-quality, strong companies, so they are a way to lock in attractive yields without taking on too much risk, he said. He added that while their performance might be a little worse, their base won't fall off. “There could be some volatility here or there, especially if growth does slow, but we think the potential downside is relatively limited,” Martin noted. Certified financial planner Barry Glassman believes investors should lock in some longer term long bond. “If this trend continues, we may not see these yields again for quite some time,” he said. Glassman, founder and president of Glassman Wealth Services and a member of CNBC's Financial Advisory Board, recommends moving to core diversified bonds fund. These funds typically hold investment-grade government and corporate bonds as well as securitized debt. “These managers have the flexibility to move from safer, shorter time periods to diversified quality and global regions,” he said. For CFP Chuck Failla, the next step depends on how you set up your portfolio. He always advises clients to invest in their portfolio based on their cash needs and time horizon. Funds needed in 12 months or less should be in money markets, he said. Typically only 15% to 20% of maturities of one to two years are stocks, with the remainder being high-quality, low-duration short-term bonds such as Treasury bonds and some investment-grade corporate bonds. Sovereign founder Failla said a fixed-income portfolio in the 3- to 5-year range would be high-quality corporate bonds of medium duration or less, while he is branching out into high-yield bonds in the 6- to 10-year subcategory. . He also plans to start increasing private credit with maturities of six to 10 years. The 10 years and above category holds about 90% of the shares. If you set up your portfolio accordingly, you don't have to do anything because stocks are a long-term investment, he said. However, Failla suggests that if you don't have a cash flow plan and are overinvested in stocks, it might be time to get some money out. “If you feel you need money, after doing a cash flow analysis, come up with at least 12 months' worth of funds now,” Faila said. “When the market recovers, think about doing more.” He's not basing his advice on any market forecast. Instead, it's about analyzing the amount of revenue you need on hand based on your cash flow, he says.