Equities are best for income growth
On the Money: With falling interest rates, shares have stepped into the income gap.
On the Money: With falling interest rates, shares have stepped into the income gap.
Early in March 2020, panicked investors pushed the yield on the 10-year NZ government bond, in response to the coronavirus scare, to an all-time low of just 0.92%.
As the graph below shows, even in the depths of the 1929 Great Depression, NZ government bonds never got anywhere near this
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