Bond yields are back, Daniel B. Berkowitz has been telling clients at Philadelphia-based Prudent Asset Management, which manages $1 billion for investors including Congregation Rodeph Shalom and family-business owners.
Both stock and bond values plunged last year as the Federal Reserve boosted interest rates, leaving retail investors with fewer places to hide.
But now the rates government and businesses are paying to raise money by selling new bonds have risen many percentage points. They are much higher than the near-record lows of recent years. These higher yields make the bonds attractive to investors.
