Any Opinions on SKI here?, page-15

I believe the reason why the U.S treasury yield is used as the benchmark is that rising yields are seen as a signal that the U.s govt is tightening their monetary policy which will then lead to the slowing down of economic growth that could have an impact on the global market. This leads to lower investors confidence in the equity market. As a result, investors are pulling their funds ouf of the equity market and parking them in bonds. The risk and reward for income stocks like SKI now is not as attractive as before when the bond yield was lower. Just my opinion of course.