U.S. 10-year yield at 5% tied to anticipated policy path
Bernstein Private Wealth Management’s Matthew Palazzolo says the recent return of the U.S. 10-year Treasury yield to 5% reflects the anticipated policy path, not as broad a driver as headlines suggest.
0516 GMT - The move of the 10-year Treasury yield back to 5% is real, but the driver is narrower than headlines suggest, Bernstein Private Wealth Management's Matthew Palazzolo says in a note. "In our view, the big driver of the move in Treasurys recently has been the anticipated policy path or…"