With the S&P 500 down more than 6% off its early May high, dividend yields of the S&P 500 and many of its sectors are beginning to rise to relatively attractive levels. With a dividend yield of 1.9%, the S&P 500 is currently yielding 30 basis points (bps) more than a 5-Year US Treasury and 110 bps less than the 10-Year Treasury. Looking at individual sectors, there are now three that yield more than the 10-year and seven that yield more than the 5-year. Perhaps the most noteworthy aspect of the yields of individual sectors is the fact in this age of investors reaching for yield, all ten sectors currently yield 1% or more. Additionally, Financials are the second lowest yielding sector in the market (1.4%) and yield only 40 bps more than Technology (1.0%).