Coast is Clear for Bond Buyers in 2024

By Michael Ryval – MorningStar

given the swift re-calibration of yields that we’ve seen, the traditional value proposition of bonds has been restored. Income generation? Check. Capital preservation through time? Check. Yields have gone up so much. With the recent tightening, you are still at over a 4% yield for 10-year U.S. treasuries. Over time, bonds should give you a negative correlation [to equities] as well,” says Thiru, who maintains that his bullishness is not just over the next three or six months but for a two-to-three-year period. “The asset class is paying you to wait.”