- In an uncertain environment with low interest rates, stock dividends are sparse and bond yields have plunged.
- High yield bonds—which are supported by the rebound in oil prices and marked improvement in the quality of issuers—could offer compelling yields in our view.
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The views contained herein are those of the authors as of August 2020 and are subject to change without notice; these views may differ from those of other T. Rowe Price associates.
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Information and opinions presented, including any forward-looking statements, have been obtained or derived from sources believed to be reliable and current; however, we cannot guarantee the sources’ accuracy or completeness. Actual outcomes may differ from any forward-looking statements made.
Past performance is not a reliable indicator of future performance. All investments are subject to market risk, including the possible loss of principal. Small-cap stocks have generally been more volatile in price than the large-cap stocks. All charts and tables are shown for illustrative purposes only.
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