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Strategist turns bullish on Treasury notes citing higher yields
The outlook is based on about 5.25% Treasury yields, with the strategist pointing to more realistic return assumptions versus low-rate distortions.
MarketWatch reports that investors used to distorted returns from artificially low interest rates, with the strategist now arguing that higher yield levels offer more attractive value.
The strategist’s new bullish view centers on U.S. Treasury notes after yields reached roughly 5.25%, framing it as a stronger return backdrop for bond investors.
In the same view, the strategist contrasts bond yields of about 5.0% and stock returns around 6.0% as more realistic comparisons than those available during the low-rate period.