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(Bloomberg) -- For investors stashing record sums in cash, US bond managers overseeing a combined $2.5 trillion have a bit of advice: It’s time to put that money to work.Most Read from BloombergCitigroup Cuts Over 300 Senior Manager Roles in Latest RestructuringOpenAI in ‘Intense Discussions’ to Quell Potential MutinyNearly All of OpenAI Staff Threaten to Go to Microsoft If Board Doesn’t QuitThe Doomed Mission Behind Sam Altman’s Shock Ouster From OpenAIMicrosoft Ends Weekend of OpenAI Drama Wit

Bond managers from Capital Group, DoubleLine Capital, Pimco and TCW Group find

While it’s hard to abandon cash and “tread back into shark-infested water”, PIMCO’s chief investment officer Dan Ivascyn said it’s time to lock in high rates.