Investors Are Seeing Something Unfamiliar in 2018: Sweet Yields
- Risk free rates look more attractive as stock dividends fall
- Strategists say market pain could end the bond proxy trade
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The hunt for yield may soon target the safest prey.
For the first time in this bull market, investors can practically stay in cash without giving up a whole lot of income. Yields on two-year Treasury notes are nearly 2 percent, exceeding dividends in the S&P 500 Index by the most since 2008.