Wall Street’s Worried About Rising Yields (But We’re Not)
We understand why momentum investors are shorting bonds, but we don’t necessarily agree with their take. The Federal Reserve must be overly cautious, telegraphing that interest rates may have further to rise. But we believe the rate hike cycle is close to finished, if not already done.
Already have an account? Sign in.
Subscribe to Porter & Co.
Don’t miss out on the latest issues. Sign up now to get access to the library of members-only issues.