This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com.
While it might not be a feast now for income-oriented investors, it’s a lot better than the famine that prevailed for much of the past decade.
Yields on a range of bond and bond-related investments rose by two to four percentage points during 2022. So, investors finally stand to earn positive inflation-adjusted returns, assuming the consumer price index continues its retreat from the 8% reading prevailing at midyear.