These S&P 500 stocks still yield more than 10-year Treasury

The article argues that rising Treasury yields have materially changed the income-investing landscape. With the U.S. 10-year Treasury around 4.70%, risk-free government bonds now outyield the average S&P 500 dividend, and only 16 S&P 500 constituents still offer trailing yields above that benchmark. The piece highlights a shrinking list of high-yield names, suggesting that income investors may increasingly favor Treasuries over broad equity exposure for yield alone. The market implication is a relative shift in capital allocation away from dividend stocks and toward fixed income, pressuring the appeal of high-dividend equities and reinforcing the competitive advantage of bonds in the current rate environment.