Ed Yardeni, president of Yardeni Research, said U.S. 10-year Treasury yields look very attractive when they are close to 5% as inflation is expected to cool gradually. He said productivity gains should help push inflation lower over time. In his view, the inflation outlook for the next decade sits in a 2% to 2.5% range, while the yield on the 10-year U.S. Treasury is likely to fluctuate between 4% and 5%. The remarks point to his expectation that easing inflation and stronger productivity could support a relatively stable long-term rate range. The comments were cited by ChainCatcher in a brief market update.
According to ChainCatcher, Ed Yardeni, president of Yardeni Research, said U.S. 10-year Treasury yields look very attractive when they are close to 5% as inflation is expected to cool gradually.
He said productivity gains will help drive inflation lower. Yardeni added that the inflation outlook for the next 10 years is in a 2% to 2.5% range, and that the 10-year Treasury yield will fluctuate between 4% and 5%.
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