Income-oriented investors, it’s time to celebrate. There are suddenly many more opportunities—in areas ranging from junk bonds to real estate investment trusts—after the bear markets in stocks and bonds in the first half of 2022.
In the bond market, yields in many cases have doubled, to around 8%, after one of the sharpest selloffs in history. This enhances the diversifying power of bonds in equity-heavy portfolios, and should revive interest in the traditional 60/40 mix of stocks and bonds.
