RE:RE:RE:?????I was going to mention something similar Vega.
From the WSJ:
"The yield on the benchmark 10-year Treasury note finished Friday’s session at 1.344%, according to Tradeweb. That’s up from 1.286% at Thursday’s close and marks the largest one-week gain since Jan. 8. The 30-year bond yield rose to 2.140% Friday—the highest level in a year—from 2.076% Thursday."
I'm assuming then that this yield increase on US bonds had something to do with the sell off as well. That being said, and as you've mentioned, bond yields are still very low. And I think any assumptions that they will jump up substantial in the near future are significantly overblown, especially the way governments are printing money right now.
Fortis might be out of favour right now, but it still offers a much better yield, with predictable growth.
I took the opportunity on Friday to add more to my position, as I was fortunate to still have some cash on hand. Still underwater on it, slightly, as I only started a positon in Fortis late last year, but I think the long term fundamentals on the company speak for themselves. Eventually the share price will sort itself out. Time will tell I guess.
Congrats to others who have been holding for a long time. GLTA!