A Bumpy Ride Upwards For Global Yields
Source: SeekingAlpha
2025-06-02 15:15:00 ET
Summary
- Investors now want more compensation for the risk of holding long-term bonds. We see this as a return to past norms and keep our long-held underweight.
- U.S. stocks rose nearly 2% last week, led by tech stocks. U.S. 10-year Treasury yields fell but are 50 basis points above their April lows.
- U.S. jobs data this week will show how the labor market is holding up. The European Central Bank is set to cut policy rates as it eyes the impact of tariffs.
Transcript
We view this as a return to past norms, as investors again demand more compensation for holding Treasuries. We see two reasons why....
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A Bumpy Ride Upwards For Global Yields
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