HALISTER1: 10Y UST Yield May Have Already Hit Its 2017 Peak: PGIM, Western

10Y UST Yield May Have Already Hit Its 2017 Peak: PGIM, Western

(Bloomberg) -- The 10Y UST yield has probably already reached its 2017 high at 2.6277%, Western Asset Management’s Bonnie Wongtrakool and PGIM’s Greg Peters both said on Bloomberg Television.
  • The chances of meaningful fiscal reform in the U.S. have diminished, making higher yields less likely, Wongtrakool said; however, harder to say whether the 10Y yield has reached its low for the year, as there are still a lot of geopolitical risks
  • Wongtrakool and Peters, along with Wells Fargo Advisors strategist Brian Rehling, said they see upside risk to upcoming U.S. payrolls report as opposed to downside; Rehling and Peters point to inflation as mattering more than payrolls at this point
  • "The jobs report has to be a total disaster for the Fed not to move in June," Rehling said
To contact the reporter on this story: Alexandria Arnold in Seattle at abaca3@bloomberg.net To contact the editors responsible for this story: Boris Korby at bkorby1@bloomberg.net Greg Chang

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Bonnie Wongtrakool (Western Asset Management Co)
Gregory Peters (Prudential Financial Inc)
Brian Rehling (Wells Fargo & Co)

To de-activate this alert, click here
To modify this alert, click here

UUID: 7947283