If you’re sitting in “dead money” Treasuries and CDs, the dawn of a new round of interest-rate cuts is probably the last thing you want to hear.
Since Federal Reserve Chair Jerome Powell’s “pivot” on rates in early January, the yield on the 10-year Treasury has plunged, from 2.7% to 2.0%.
So if you put a million bucks in Treasuries at the start of the year, you’d be banking $26,900 in income. That’s pathetic enough for a seven-figure nest egg!
But fast-forward just six months, and your mil fetches you far less: just $20,100.
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With Treasury rates collapsing and the stock market soaring—driving S&P 500 dividend yields down to a lame 1.7%—there are few places for income-seekers to turn.… Read more