It's not sexy, but if you have the space for it, picking up a long term supply of necessities isn't a bad place to put your money. Various sales and firesales happen, picking up canned goods, toiletries, and so on is a decent hedge against inflation and the bulk savings from buying a year's worth is probably going to exceed anything you'd get on the market. Of course, this is more for people with low tens of thousands of cash around, not quite as applicable to people with hundreds of thousands and higher in cash trying to figure out what to do with it.

But if I had a house, I'd go pick up a year's supply of the basics whenever I saw them come moderately to deeply on sale. It's going to save more money than you'd make on any bond in the near future.