By Dan Kadlec – The benchmark 10-year Treasury bond yield has soared to 2.5% from just 1.6% in May, reaching its highest level in nearly two years. Yields on corporate and municipal bonds have followed suit. Yet the average 12-month CD yield is just .24%, same as in May, and for the ninth consecutive week the average money market account yield is just .11%.
Where does all this leave income investors? Sadly, with even fewer choices than has been the case since the financial crisis. Bond yields are up, but buying now risks losses to principal in coming months. more> http://tinyurl.com/o6yw7ph
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