AVK - The Case For Convertibles In 2018
A new year has begun, and investors are hoping for a repeat of the strong returns enjoyed in 2017. But in one key area, investors face a familiar dilemma, which they've endured for the past nine years: finding income in a still low-yield environment without taking on too much risk. Although the yield of a 10-year U.S. Treasury bond has risen recently to around 2.50% - that's not too far from where it was at the beginning of 2017 (Source: Bloomberg, as of 1/10/2018). And as the BlackRock Investment Institute's Jean Boivin noted recently, a