The case for purchasing bonds at the present time.

Bonds could be a suitable option for investors looking to manage the market's current instability.

Joanna Gallegos, CEO of BondBloxx, advises prioritizing income and high-yield bonds.

As you diversify and manage more risk, it's crucial to begin examining fixed income, she advised on CNBC's "ETF Edge" on Monday.

Gallegos also suggests moving out on the yield curve.

"Rates are high now, which makes a significant difference in a portfolio compared to two years ago when rates were almost at zero. The great rate hike has ended, and fixed income is very different today."

Jerome Schneider, who manages one of the largest actively managed bond exchange-traded funds globally, advises investors to consider bonds.

"The head of short-term portfolio management at the firm stated that they are entering the market with a generally underweight posture to fixed income. However, the firm's head of short-term portfolio management said that there are better risk-adjusted returns by being an actively managed, fixed income diversified portfolio than there have been in many years."

Schneider anticipates that the Federal Reserve will begin reducing interest rates in the near future and cautions that money market funds' yields may decline rapidly.

"Schneider stated that the front part of the yield curve is currently the most attractive investment opportunity, with plenty of opportunities available in the 2-, 3-, and 5-year spaces across diversified portfolios."