With U.S. bank bond yields near their historic lows, many analysts have encouraged investors to search for returns in foreign banks. But at Smith Barney, the recommendation to investors is: It is time to come home.

Fixed-income analyst David Hendler at Smith Barney said yesterday that Yankee bank bonds - those issued here by foreign banks - no longer offer the burgeoning yields they once did.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.