Hated, Unloved, And Yielding 5%: Is It Time To Reconsider Bonds? Here's My Take

U.S. Treasury bonds with maturities of 10 years or more now offer real yields of 2–2.5%, described as their most attractive risk-adjusted return in almost 20 years. Recent bond underperformance, fiscal deficits and persistent inflation have weighed on investor sentiment, while current yields may compensate investors for those risks.