Big telecom companies like AT&T (NYSE:T) and Verizon (NYSE:VZ) are viewed as high yield utilities and strong bond alternatives, and for good reason.
After all, these are subscription-based businesses generating gobs of recurring revenue and securing yields north of 5%, compared to a 10-year Treasury yield of just north of 2%. In addition, both have very low volatility and make for solid core holdings for conservative retiree portfolios.
