TSX:NPI - Post Discussion
Post by
BayWall on Oct 24, 2023 10:26pm
Here's to hoping...
By David Randall
NEW YORK (Reuters) - Several of Wall Street's biggest names are calling a top on longer-dated Treasury yields, after yields on the benchmark 10-year note briefly rose above 5% earlier this week to hit their highest level since 2007.
Analysts at UBS Global Wealth Management, which oversees $3.1 trillion, on Tuesday said Treasury yields are unlikely to rise further, adding to a chorus of investors saying that the selloff in U.S. government bonds is nearing an end.
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