The widespread craving for safety within Treasurys drove mass buying, which pushed down yields and shrunk a reliable source of income.
On the former, companies that have safe dividend yields will support portfolios until investors embrace risk again, said Savita Subramanian, the head of US equity and quantitative strategy. The dividend yield on theis nearly thrice as much as the 10-year yield, which is the widest gap since the early 1950s.
Good read...
Why would I take advice from BankofAmerica They are broke
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The US box office suffered its worst weekend in more than 20 years - Business InsiderThe total US box office was less than $55 million, the worst it's been since 1998, as major theater chains reduced capacity.
Read more »
The dot-com bubble burst 20 years ago. Experts explore its lessons. - Business InsiderThe dot-com bubble burst 20 years ago this month — here's what tech experts say were the biggest lessons as coronavirus triggers another tech crash
Read more »