When high yields are above support lines and key moving averages, I like renting them for NAV appreciation and above average dividend streams.
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Despite the bond price decline in Government, High grade corporates and Muni bonds of late, high yields continue to push higher. As I have shared before, more often than not, when the high yields are moving higher, stocks haven’t seen large price declines.
As I shared, I am renting these positions and if key support gives way, I will harvest the gains that have taken place over the past many months.