• Tolleson Wealth Management sees higher bond yields making fixed income increasingly competitive with long-term equity-return assumptions of 8% to 10%.
• The 10-year U.S. Treasury yields 5%, while high-yield bonds offer yields above 8%.
• The Bloomberg U.S. Aggregate Bond Index yields 5.33%; municipal taxable-equivalent yields recently exceeded 9.5% for investors in the highest federal tax bracket.
• Estimated AI infrastructure spending of $5 trillion to $6 trillion presents financing opportunities across fixed income markets.
• Overinvestment and weak underwriting pose loss risks, particularly in private markets, making borrower cash flows and creditor protections critical.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Tolleson Wealth Management Inc. published the original content used to generate this news brief on November 05, 2026, and is solely responsible for the information contained therein.