Global economic news remains rather bleak and, as a result, worldwide interest rates continue to decline sharply. For instance, with the U.S. Federal Funds rate now between 0 - 1/4% and U.S. Treasury bills at virtually 0%, the differential between short-term interest rates and common stock dividend yields, assuming they are not cut, has widened significantly. This yield difference bears watching as it may present excellent opportunities for yield pick-up and capital gains potential.
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