Beware of 10-year US Treasury yields at 5%
Several factors may push longer-dated Treasury yields towards 5%, raising the prospect of a third straight year of negative returns
Add BT as a preferred source
THE hawkish pause by the Fed’s Federal Open Market Committee has worried investors that more rate hikes may be in the offing from the US central bank.
However, we believe investors should be increasingly concerned that longer-dated yields, comparatively well-behaved for much of the year, will continue to rise.
Several factors are set to push such yields towards 5 per cent and potentially beyond as we enter 2024, we predict.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
US-China rivalry and the Kindleberger Trap: Why inaction – not escalation – is the biggest risk
PayPal plans job cuts as its new CEO pursues turnaround strategy
