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Now to put that into context, the equivalent UK bond yield is around 2.2% and Germany's is 1.8%.
BBC: France squeezed by markets
For a taxpayer in the top federal bracket of 35%, a 3% dividend yield is equivalent to a 4% yield on a taxable bond.
FORBES: When Patience Pays
That move reduced all equity and high-yield bond exposure, creating 50% cash or cash equivalent allocations across all portfolios.
FORBES: Take A Lesson From 2007, Sell Stocks Now
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