HALISTER1: UST 10Y Yield Has Scope to 1.5% by Sept.: Guggenheim’s Minerd

UST 10Y Yield Has Scope to 1.5% by Sept.: Guggenheim’s Minerd

(Bloomberg) -- UST 10Y yield is headed to 2%, and with “safe haven trades in vogue,” the probability is rising “that we revisit 1.5% or lower this summer,” Scott Minerd, chief investment officer for Guggenheim Partners, writes in a note.
  • Drivers include “disappointment around Washington delivering pro-growth‎policies” and increasing risks abroad, he says
  • Lower yields, weaker dollar will benefit emerging markets
  • NOTE: Treasuries have rallied for five straight weeks, longest stretch since July, when yield touched record low 1.318%; last week the 10-year yield fell 14 basis points, most in 10 months

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
8925498Z US (Guggenheim Capital LLC)

People
Byron Minerd (Guggenheim Capital LLC)

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