“I should say: the house shelters day-dreaming, the house protects the dreamer, the house allows one to dream in peace.” - Gaston Bachelard
The US Federal Reserve’s new round of rate cuts has led to investors once more willing to enter riskier, higher-return assets. After the latest set of Federal Reserve rate cuts, the 10-year treasury yield declined from 2% to less than 1.5%, although it has since rebounded to 1.84%.
In such an environment, the search for low-risk yield is getting progressively tougher. However, there is a higher-yielding, if slightly riskier, asset class in