The bond market (^TNX, ^TYX, ^FVX) is in focus ahead of Trump’s return to the White House as the 10- and 30-year yields trade near 5%. HSBC chief multi-asset strategist Max Kettner joins Catalysts Co-Host Seana Smith to discuss
As economic data signals that inflation is cooling ahead of Trump’s return to the White House, Kettner explains his view that Treasury yields won’t hit 5%. “All in all, I think it’s going to be really, really hard to sell a picture where you’re saying, oh yeah, the ten-year has to be pushing above 5% now in the next couple of months,” he says, adding, “I think the peak is in then.”
The strategist outlines what this means for investors, saying, the market “is so Goldilocks that it’s going to be really tough [for investors], not really looking for something that you want to buy, but rather what you want to sell.”
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This post was written by Naomi Buchanan.