Bond yields could race through 5% in next couple of weeks, market forecaster Jim Bianco warns
Publishing timestamp: 2023-10-03 20:58:40
Summary
Wall Street forecaster Jim Bianco expects Treasury yields to continue rising and possibly overshoot through 5% in the next couple of weeks. He believes that if the Federal Reserve hints at ending interest rate hikes while inflation is still a concern, investors will not buy bonds. Bianco sees the recent volatility in the bond market extending to stocks, as the Dow Jones Industrial Average had its worst daily performance since March. However, he considers the possibility of yields reaching 13% extreme and unlikely.
Sentiment: MIXED
Tickers: US5Y, .SPX, .IXIC, US10Y, US30Y, .DJI,
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