Posted To: MND NewsWire
The yield on the 10-year Treasury note hit its highest level in a little over month in Friday trading. But some strategists say bond yields edging up is not an indication that economic growth is picking up substantially. "The bond market has largely been telling us, 'growth is mediocre at best,' and the stock market has been saying, 'buckle up, it's going to be great.' And it's a little bit hard to imagine a scenario in which both those things are true," said Max Wolff, market strategist at 55 Institutional, Thursday on CNBC's " Power Lunch ." As bond yields have fallen this year, equities have continued climbing to new heights; Wolff concluded: "The bond market and the stock market sort of don't seem like they see the same world. And it doesn't necessarily mean which one is right and which...(read more) Forward this article via email: Send a copy of this story to someone you know that may want to read it.
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