Jan. 01, 2026 2:05 PM ETiShares 20+ Year Treasury Bond ETF (TLT), IWM, IG, LQD, RTYAGG, GVI, GBF, BND, BIV, OVB, PAB, SCHZ, CMBS, SPAB, AGGY, NUAG, BNDC, NUBD, UITB, HTAB, FFIU, EAGG, BBAG, FLCB, HCRB, GCOR, PIFI, AVIG, BKAG, FIGB, FSEC, GTO, BOND, BYLD, IUSB, FBND, VBND, TOTL, RFCI, SYSB, IMTB, FIXD, HTRB, JCPB, EUSB, CPLB, IEI, MBB, SPTI, SPMB, VGIT, VMBS, SCHR, GOVT, GNMA, MBSD, JMBS, MTGP, FLGV, PFIX, AFSM, AVUV, BBSC, BKSE, CALF, CBSE, CSB, DEEP, DES, DFAS, DGRS, DWAS, EES, ESML, FDM, FLQS, FNDA, FNK, FSGS, FYC, FYT, FYX, GLRY, GSSC, HSMV, IJR, IJS, IJT, ISCB, ISCG, ISCV, ISMD, IWC, IWN, IWO, JHSC, JPSE, JSML, KAPR, KJAN, KJUL, MGMT, NUSC, OMFS, OSCV, OUSM, OVS, PRFZ, PSC, QVMS, RFV, ROSC, RWJ, RZG, RZV, SCHA, SIXS, SLYG, SLYV, SMDV, SMLF, SMLV, SMMD, SMMV, SPSM, SQLV, SVAL, TPSC, USVM, VB, VBK, VBR, VIOG, VIOO, VIOV, VTWG, VTWO, VTWV, XJR, XSHD, XSHQ, XSLV, XSMO, XSVM, SPMD, SCAPInfrastructure Capital Advisors511 FollowersComments(3)The equity risk premium has recently approached zero, reflecting both elevated stock valuations and still-high Treasury yields.Against that backdrop, bonds have quietly regained relevance. Treasury and high-quality bond yields now sit at levels that meaningfully compete with equity earnings yields - a dynamic absent for much of the past decade.For the first time in years, many bonds also offer positive real returns after inflation. Just as important, bonds may be reclaiming their role as portfolio ballast.Within equities, small-cap stocks stand out as one of the most discounted segments of the market.Worawith Ounpeng/iStock via Getty ImagesAfter a strong run in equities, investors are increasingly asking a simple question: what compensates them for taking additional risk from here? One traditional answer has been the equity risk premium - the excess return investors expect from stocksThis article was written byInfrastructure Capital Advisors511 FollowersInfrastructure Capital Advisors ("Infrastructure Capital") is a leading provider of investment management solutions designed to meet the needs of income-focused investors. Jay Hatfield is CEO and CIO of the investment team. Mr. Hatfield is the lead portfolio manager of the InfraCap Small Cap Income ETF (NYSE: SCAP), InfraCap Equity Income Fund ETF (NYSE: ICAP), InfraCap MLP ETF (NYSE: AMZA), Virtus InfraCap U.S. Preferred Stock ETF (NYSE: PFFA), InfraCap REIT Preferred ETF (NYSE: PFFR), and a series of private accounts. Infrastructure Capital frequently appears on or is quoted in Fox Business, CNBC, Barron's, The Wall Street Journal, Yahoo Finance, TD Ameritrade Network, and Bloomberg Radio/TV. The team at Infrastructure Capital publishes a monthly market and economic report, quarterly commentaries, investing primers, and asset class and strategy research. In addition, Infrastructure Capital hosts a monthly webinar and attends industry conferences in an effort to provide educational investing resources.Comments(3)