Roberts: TINA Trade Reversed as Treasury Yields Hit 4.94%

Lance Roberts argued that the 'There Is No Alternative' trade has reversed, noting that Treasury income is now considered before Social Security. Roberts stated that the 10-year Treasury yield reached 4.94%, making current yields unusually high. He added that the trade is over because cash money markets now yield over 3%, and Treasuries offer 4.5% in 5 to 7 year durations.

Roberts described the high yields as a 'gift' for retirees, as a meaningful piece of retirement income could come from Treasuries alone before Social Security is layered on top. This shift suggests that fixed-income strategies are becoming more viable alternatives for savers.