Although risk-free yields have nudged up a bit after seven years of Fed ZIRP (zero interest rate policy) from 2008 to 2015, the desirability of investment grade or bank insured yield vehicles remains muted. Indeed, with the 10-year Treasury continuing to sit sub-two percent and the Fed easing three times this year following a string of tightenings, investors seem much more inclined to continue dabbling in dividend stocks and higher yield equity/credit.
After a decade-long, largely unabated rise in equities and with little associated economic upheaval, however, I'd opine that investors have become incrementally emboldened