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Despite rising yields, $7.9 billion money manager believes inflation comeback worries are premature

From cnbc.com

RiverFront Investment Group’s Kevin Nicholson believes inflation comeback worries are premature because Treasury yields’ upside is limited. His latest analysis came as the benchmark 10-year Treasury Note yield hit its highest level in almost ten months. “The market is preparing for further stimulus,” the firm’s global fixed income co-chief investment officer told CNBC’s “Trading Nation” on Tuesday.” “I see Treasury yields trading in about a 20 basis point span in the short-term.” On Tuesday, the 10-year yield hit 1.187%, its highest level since March 20. So far this year, it has surged 25% — exceeding Nicholson’s ... (full story)

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  • Category: Fundamental Analysis