Treasury Yields Hit 5% as Fed Keeps Rates High, Offering Safe Haven Despite Economic Uncertainty
- Treasury yields at 5% are now comparable to dividends from top S&P 500 firms
- Bond yields will likely stay high as the Fed keeps interest rates elevated
- Long-term Treasurys allow locking in higher guaranteed yields
- Outlook for stocks is uncertain with higher rates weighing on earnings
- Risk of recession still looms even as stocks have rebounded in 2023