Public Launches Bond Account with Yields Up to 7.3%

Public, a popular New York-based investment platform, has launched a new bond account to enable customers to diversify their portfolios by investing in corporate bonds with returns as high as 7.3%. This current offering is attractively priced, providing yield-seeking investors with an excellent chance to earn long-term returns in a volatile market.

The Public Bond Account provides investors with access to a carefully selected selection of 10 corporate bonds from well-known corporations across a variety of sectors. These bonds provide yields ranging from 6% to 9%, enabling investors to diversify their portfolios without the hassle of choosing and buying bonds separately. This bond selection includes industry heavyweights such as Boeing, Tapestry, Warner Media LLC, Main Street Capital Corp, and Vornado Realty LP. This carefully chosen list is intended to help consumers diversify risk and optimize earnings.

Jannick Malling, Co-CEO and Co-Founder of Public stressed the urgency of this new product introduction. He said, “As rates potentially come down later this year and into next year, we are hearing from investors who want to lock in a higher yield now, and our Bond Account allows you to invest in the bond market in just a few clicks.” The debut of the Public Bond Account coincides with the Federal Reserve's predicted rate decreases in late 2024 or early 2025. As interest rates are forecast to fall, so will bond yields, making the present situation ideal for anyone wishing to invest in bonds for long-term returns.

The Public has made its bond account easily accessible and user-friendly. With a minimum investment requirement of just $1,000, Public makes bond investing more accessible to a larger audience than the $10,000 minimum demanded by other platforms. Furthermore, income received on the bonds is automatically reinvested once it exceeds $1,000, providing for smooth compounding of profits. Investors may also make recurrent contributions to expand their bond holdings.

This bond account is part of Public's larger objective of making various asset classes accessible to regular investors. In response to the success of their Treasury Account, Public continues to streamline the investment process, enabling users to efficiently diversify their portfolios. In May, fractional bond trading was also implemented by Public, which allows investors to purchase and sell corporate and Treasury bonds in smaller denominations, with a minimum investment of $100. This step demonstrates Public's commitment to democratizing access to the bond market.

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