Looking for Yield in a Low-Yield World

Last week, bond yields fell and prices rose, with 10-year U.S. Treasury yields hitting a one-month low of 2.1%.

While I still believe U.S. yields are likely to rise modestly by year’s end, last week’s decline in yields is a reminder that we’re in a “low-for-long” interest rate environment. This means that investors who are searching for income will continue to need to find alternative sources, as I write in my new weekly commentary, “Back to the Search for Yield.”