Treasury Yields Hit 2002 Highs: Jim Bianco, Ed Yardeni Say There’s No Need To Worry
Jim Bianco and Ed Yardeni, two of Wall Street’s most closely followed bond watchers, say rising borrowing costs are not a warning sign—yields are simply catching up with economic growth. Their view counters the standard market narrative that a “buyers’ strike” by “bond vigilantes” fearful of Washington’s ballooning deb