Are Bonds Getting More Attractive Than Stocks?

Bond yields have soared this year amid Federal Reserve tightening, the slump of the past week notwithstanding. Looking at investment-grade bond yields, their yields stood just 45 basis points below the S&P 500's yield, the slimmest gap since 2010, according to Bloomberg. The S&P 500 has suffered a negative return of 21%, and the Bloomberg U.S. Aggregate bond index has slid 11%.