Wharton's Jeremy Siegel declares end to the 40-year bull market in bonds (via TradingNation)
'I see rates rising continuously'
"Forty years of a bull market in bonds. It's really hard to turn your head around, and say could this be a turning point? But I think history will say yes," said Siegel. "I see rates rising continuously over the next several years." Coronavirus risks sparked a flight to safety into bonds this year. Paired with massive fiscal and monetary stimulus, Treasury yields fell to record lows.
"They're [bond holders] are going to be paying for the battle against coronavirus in terms of diminishment of their purchasing power," he said, alluding to an inflation comeback that he believes will start in 2021.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cardi B and Jeremy Scott Reminisce on Their First Met Gala TogetherIn 2018, iamcardib attended her very first MetGala in a custom creation by designer ITSJEREMYSCOTT, who was at her side as she cracked jokes on the steps of the museum. Watch as they reminisce about the night here:
Read more »
Reopening states will cause 233,000 more people to die from coronavirus, according to Wharton modelReopening states amid coronavirus could cause as many as 350,000 people to die by the end of June, according to a new Wharton model.
Read more »
Trump says he believes there will be a coronavirus vaccine 'by the end of the year'President Donald Trump said on Sunday that he was confident that there will be a coronavirus vaccine by the end of the year.
Read more »
Stocks in Australia set to dip; hopes rise on coronavirus vaccineU.S. President Donald Trump said on Sunday that he was confident that there will be a coronavirus vaccine by the end of the year.
Read more »
Coronavirus takes steam out of home buying season but sales, prices should reboundHome sales will likely plunge this spring in the wake of the coronavirus pandemic, but bounce back by the end of next year, according to a new forecast.
Read more »
Israel court hears challenges to Netanyahu coalition dealThe court's ruling, expected by the end of the week, will dictate whether Israel breaks out of its political paralysis or plunges into its fourth consecutive election in just over a year.
Read more »