Market News / Story
Is It Time To Buy Bonds? Longtime Bear Jim Bianco Turns Bullish As US 10-Year Yield Hits Highest Since 2002
Stocktwits ·
Stocktwits reports: The U.S. 10-year Treasury yield hit a 24-year high of 5.364% on Wednesday, reaching its highest level since early 2002. Long-term bond market bear Jim Bianco, President and Macro Strategist at Bianco Research, believes that as yields rise, bonds are finally trading at fair value, making it a good time to invest in them. Why Bond Markets Are Providing Fair Value, As Per Bianco In an interview with CNBC, Bianco said yields of 5% or more across the five- to 30-year Treasury…