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Bonds May Offer ‘Stock-Like’ Returns In 2024
Did you hear? Bonds could be set to offer "equity-like" returns in 2024.
I'm serious. There's no sarcasm there. It's not a guarantee (there are precious few of those in life), but following the most pronounced selloff in... well, in history depending on what, exactly, you mean by "bonds," the asymmetry on offer is very favorable. Long story short, you'd do quite well in a pronounced rally, but your losses would be relatively small in an extension of the selloff.
That's one reason (although it'
I’m a fan of some preferreds, specifically those from quality bank issuers. I don’t think I need to work much about JPM or MS or BAC halting their common dividends, their preferreds currently yield around 6%, and rising rates have taken values sufficiently below par for an attractive yield to worst. There are even a couple of these preferreds that are effectively non-callable for various reasons.