Double-Digit Bond Yields? Let Me "Float" a Few Ideas.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 15 2024
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Source: NASDAQ.COM
Current Bond Market Sentiment: After initially benefiting from bond investments, there is now caution as the 10-year Treasury yield rises sharply following rate cuts by the Fed, indicating inflation concerns and making traditional bonds less appealing.
Investment Alternatives: Floating-rate bonds and closed-end funds like Nuveen's offerings are highlighted as better options for income generation in the current environment, with potential for higher yields and stability compared to fixed-rate bonds.
Analyst Views on FLOT
Wall Street analysts forecast FLOT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FLOT is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 51.010
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Current: 51.010
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
