One Wall Street Strategist Just Made A Big Call That Should Have Everyone Worried

feedback@businessinsider.com (Business Insider), Business Insider
Sun, 04/23/2017 - 5:34am

Scott MinerdScott Minerd, Guggenheim Partners' global chief investment officer and head of Guggenheim Investments, the asset management arm of Guggenheim, just made a big call on the 10-year yield. In a tweet on Monday morning, Minerd said, "The next stop for 10-year Treasury yields is 2%, with the probability rising that we revisit 1.5% or lower this summer." Treasury yields surged in the weeks after the election — the 10-year yield climbed about 80 basis points, to more than 2.60% — on the prospects that President Donald Trump's economic agenda would bring inflation back to the United States.

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