10-Year Treasury Notes Yield 5.2% Right Now. Here's Why I'd Still Choose Realty Income for Passive Income.
Interest rates and Realty Income are passing ships right now, but the latter still knows where it's heading.
Overview
It's getting hard for even the high-quality income producers to get noticed these days. Between the Fed shifting to push rates higher, inflationary pressures, and the steepening of the yield curve, 10-year Treasury notes are yielding 5.2% in October.
With healthier payouts coming from conservative, fixed-income investments on the rise, it's been a dinner bell for yield-hungry investors that were previously locked into dividend stocks when interest rates were lower. You've seen a lot of popular, high-yielding stocks take a hit in recent months. One of them -- Realty Income (NYSE: O) -- is now worth another look.
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Originally published at www.fool.com.