For the first time in a decade, the yield on three-month treasuries exceeds that of S&P 500 dividends.
The above chart is from the Financial Times article Authers' Note: Hunting for yields is getting easier.
John Authers also notes the “Dividend Aristocrats” of the S&P 500 — the stocks with the highest and most reliable dividend yields — are finding that they now have competition from 2-year Treasury bonds.
Authers makes a number of interesting points.
It's increasingly easy to stick with my prognosis: Inflation is in the Rear-View Mirror.
The Nearly Unanimous Opinion: Inflation Has Arrived, reinforced today, adds to my conviction.
