With Yields at 4.5%, Should You Go Long on US Bonds or Stocks?
Amid the impact of a weekend AAA rating downgrade, the 30-year U.S. Treasury yield briefly exceeded 5%. However, driven by retail buying, Treasury prices eventually closed higher yesterday. The 10-year U.S. Treasury yield is currently around 4.5%, and it's generally regarded as the risk-free rate. Would you choose to go long on U.S. Treasuries or U.S. equities?