Michael Kantro: 10-year yields expected to decline further as market and Fed diverge

Michael Kantro: 10-year yields expected to decline further as market and Fed diverge
10-year yields seen falling further

Michael Kantro believes that 10-year U.S. Treasury yields will continue to fall and notes they are already down 30 basis points since peaking in May.

He also points out a significant gap between messaging from the Federal Reserve and market participants regarding where inflation pressures are heading.

Kantro previously discussed the persistence of the 10-year Treasury yield during an appearance on Fox One with Charles Payne. He has also noted that the S&P 500 would be up an additional 5% year-to-date without lower price-to-earnings ratios and recent oil price increases, citing rates as a key catalyst in that trend earlier this year. His latest comments continue a series of observations on rates and market drivers.

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