The high yield bond market has both risks and opportunities ... Companies were performing. Earnings were strong. EBITDA was up in the fourth quarter by about 10% year-over-year for high yield ...

The yield on Germany's 10-year ... chief economist at Forvis Mazars, said bonds were still acting as a safe haven while an "overbought global equity market" sells off on volatility.

One interesting ratio that you can consider for ferreting out attractively valued stocks is earnings ... 10-year Treasury yield, it would be considered overvalued relative to bonds.