Author: Brett Owens, Contrarian Outlook

The latest bond panic has blown its discount to 9%, a level not seen in four years.

Paying a 5%-plus yield, it shows an attractive blend of strength and value.

Trading at a 9.4% discount, its latest selloff is our opportunity.

With tariffs, midterms, and soaring bond yields creating market choppiness, this defensive name trades at a deep discount and has upside potential.

Paying a 2.8% yield today, it’s grown its payout 238% in the last decade and two catalysts could provide real upside here.