The yields on 10-year Treasury bonds surged to 4.98% in early morning trading on Thursday, reaching their highest level since mid-July 2007.
As yields approached the significant 5% milestone, Wall Street reacted. In a note shared on Thursday,Vishal Khanduja,managing director and portfolio manager atMorgan Stanley Investment Management, expressed the view that a 5% yield on 10-year US Treasuries presents an attractive buying opportunity for investors. According to Khanduja, it's an excellent chance to extend the duration of a portfolio.
Goldman Sachsanalysts, includingArun Prakash, CFA, andJohn Marshall, believe that 10-year Treasuries have underperformed their usual relationship with...
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