Now is the time to rebalance your portfolio and snap up these bonds, UBS says

The S & P 500 has just notched a fresh record, and while investors may be reluctant to bulk up on fixed income, now is actually a good time to buy some high-quality government bonds, UBS said. The broad-market benchmark hit a new high on Thursday as investors looked past a post-earnings sell-off in Meta Platforms and Microsoft . The S & P 500 is heading for a 10% surge in April alone, largely driven by technology. "After years of strong equity performance relative to bonds, many investors can rebalance toward fixed income, bringing allocations back in line with long-term plans," said Ulrike Hoffmann-Burchardi, chief investment officer Americas and global head of equities, UBS Financial Services. "This is critical especially when stocks are at all-time highs and equity valuations have increased," she added in a Tuesday report. US2Y 1M mountain U.S. 2-year Treasury yield Hoffmann-Burchardi's team pointed to a recent run-up in benchmark government bond yields, which presents investors with a "compelling entry point." Bond prices and yields move inversely to one another. Treasury yields inched lower on Thursday after first-quarter gross domestic product growth missed estimates. But a day earlier rates on U.S. two-year , five-year and 10-year Treasury notes touched their highest levels in about a month. …