Here’s how to buy short-term Treasury bills and still have a long-term investment plan

This column was updated to correct the return on investment.

Can you make good money with short-term U.S. Treasury bills? Current yields are topping 5% on durations from one month to six months, and money gurus and analysts alike are yelling from the rooftops that it’s time to buy. With the looming debt-ceiling debacle, yields could continue to soar on shorter investments like Treasury bills, which have maturities up to a year. Meanwhile, longer-term Treasury notes and bonds, which have time…