Even with 10-Year Treasury Yields Around 5%, I'd Still Rather Buy This S&P 500 Dividend Stock for Passive Income in September.

Key Points A 10-year Treasury yield of 5% is extremely attractive if you are worried about a bear market. I'd prefer to own this Dividend King S&P 500 stock with a 5.6% yield, even though its business is struggling today. 10 stocks we like better than Hormel Foods › Treasuries are considered safe because they are backed by the U.S. government. A "safe" 5% yield, which is where the 10-year Treasury is hovering around today, is pretty enticing if you are worried that stock prices are going to crater. However, bonds have a major shortfall for long-term investors. Here's why I'd rather own out-of-favor Hormel (NYSE: HRL) and its 5.6% yield. The problem with bonds To sum up the problem in one word: Inflation.