1. The Fed's aggressive monetary tightening in early 2022 made yield-bearing assets more attractive; 2. Higher base rates pushed down multiples for blue-chip stocks, creating opportunities for durable income investors; 3. The recent rate cut and expectations of further cuts have reduced the opportunity set; 4. Investors can still find high-quality blue-chip businesses with acceptable yields; 5. The article focuses on two high-yielding blue-chip companies included in the author's portfolio.