UST Yield Rises on Global Bear-Steepening Pressure: MassMutual
Source: BFW (Bloomberg First Word)
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Hiroshi Yoshida (Massachusetts Mutual Life Insurance Co)
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(Bloomberg) -- U.S. Treasury yields face upward pressure amid global bear steepening trend as some investors consider limitations to expansion of BOJ and ECB monetary policy, says Hiroshi Yoshida, senior portfolio manager at MassMutual Life Insurance.
Alert: HALISTER1- Medium-term and long-term investors may unwind long positions on U.S. Treasuries amid global bear steepening trend, says Tokyo-based Yoshida by phone
- Surging crude oil prices also lift U.S. yields and U.S. break-even inflation rates
- Market participants may hesitate to buy bonds until 10- year yield nears 1.95%-2.00% area
- U.S. presidential election also weighs on U.S. sovereign bonds market
- Trump risk suggests yield surge on his stance toward tax reduction and fiscal spending
- U.S. 10-year yield up 5 bps to 1.766%
Source: BFW (Bloomberg First Word)
People
Hiroshi Yoshida (Massachusetts Mutual Life Insurance Co)
To de-activate this alert, click here
UUID: 7947283