STORY: Hayworth says he is frequently asked by investors whether they should have a stock/bond mix to their portfolio.

"The good thing is that bonds are now offering real return of captial," Hayworth said.

The benchmark U.S. 10-year Treasury yield rose modestly on Monday (March 6) but remained off last week's four-month high.

Yields have steadily climbed in recent weeks after the jobs report for January and other data pointed to a labor market that remains tight, which increased expectations the Fed will have to continue to hike rates.

The 10-year yield reached 4.091% last week, the highest since Nov. 10, while the two-year yield touched 4.944%, its peak in over 15 years, before pulling back on Friday.