The 10-Year Treasury Bond Yields Nearly 5% Right Now. Here's Why I'd Still Choose PepsiCo for Passive Income.

Key Points Interest rates have soared, reinflating bond yields to levels last seen in 2006 when they were on the way down. As a result, income-seeking investors are now faced with a choice they haven’t been forced to make in a while. Meanwhile, PepsiCo offers investors the potential for income growth and capital appreciation. 10 stocks we like better than PepsiCo › This year's rapid rise in interest rates has given income investors much to think about. Longer-dated bonds now offer bigger yields than some of the market's highest-regarded dividend stocks. For instance, 10-year Treasuries are now paying 4.8% (and are headed toward 2023's multi-year peak of just under 5%).