They've all benefited, some more than others, from income - seeking bond refugees, which leads some observers to argue that when interest rates finally begin to rise, defensive equities will suffer as their advantage
over bonds diminishes.
They say the Fed's easy - money policies, including huge
bond purchases and a seven - year period of record low rates, had
diminishing effect
over time and subjected the nation to side effects that could lead to serious problems in the future.