In a rational world, one would assume that as the Federal Reserve raises interest rates throughout the year, the entire Treasury yield curve will be steeper. However, the opposite happened. Since mid-June, yields on the benchmark 10-year note and 30-year bond have fallen a staggering 23 percent. In fact, with federal funds now at 2.25% to 2.50%, the 10-year note is only 28 basis points higher.

Why is this happening? The biggest takeaway from this is that the bond market crash, if not here now, despite the hard data, is certainly on the way and could be very ugly. The “high inflation” narrative was reinforced this week by a lower-than-expected consumer price index, once again sending buyers into the Treasury markets, driving rates lower again.

So what should income investors do? Look for quality stocks that can survive a turbulent market and pay big dividends. Check out our 24/7 Wall St. We sift through our research database for quality companies that may be off the radar. Additionally, all are rated Buy by Wall Street.

It is important to remember that no single analyst report should be used as the sole basis for any buy or sell decision.

other

This tobacco products maker has been hurt by declining cigarette sales, providing a great entry point for value investors. Altria Group Inc. (NYSE: MO) Philip Morris USA (Cigarettes), UST (Smokeless), John Middleton (Cigarettes), Ste. Michel Wine Estates and Philip Morris Capital. PMUSA has a 51% share of the US cigarette market, led by top cigarette brand Marlboro.

Altria owns more than 10% of Anheuser-Busch InBev, the world’s largest brewer. In the year In 2008, it offered its global cigarette business to shareholders. The stock recently weighed in last month when the US Food and Drug Administration announced it was banning the sale of Joule vape pens. The decision came after government officials and public health agencies filed complaints that Juul was marketing its nicotine products to teenagers. The court granted Juul’s request to stay the ban and allowed the company to sell the product while the decision is appealed.

When this is adjusted, investors still get a 8.05 percent stake, which is a good option. Deutsche Bank has a $46 price target on Altria stock. The consensus target is higher at $49.54, and shares closed Wednesday at $44.74.

Best buy

The need to set up a “work from home” office for electronics and gear has been a huge tailwind for this leading retailer, and what started as an epidemic has turned into a trend. Best Buy Inc. (NYSE: BBY) is the largest specialty retailer of consumer electronics in the United States and Canada. As of January 30, 2022, it had 1,144 stores.

Those stores offer computing products such as desktops, notebooks, and peripherals. Mobile phones that include relevant mobile network service provider commissions; Network products; tablets covering e-readers; smart watches; and consumer electronics consisting of digital imaging, health and fitness, home theater, portable audio headphones and portable speakers, and smart home products.

Its stores offer appliances such as dishwashers, washing machines, ovens, refrigerators, freezers, coffee makers and vacuums; Entertainment products include drones, peripherals, movies, music and toys, as well as gaming hardware and software, and virtual reality and other software products; and other products such as baby, food and beverage, luggage, outdoor living and sporting goods.