Inflation consensus ‘strongest I’ve ever seen:’ Wall Street vet

SourceYahoo News
SectorEconomy
CountryGulf

Oops!Something went wrong.Please try again later.Oops!Something went wrong.Please try again later.Oops!Something went wrong.Please try again later.Oops!Something went wrong.Please try again later.Yahoo FinanceInflation consensus ‘strongest I’ve ever seen:’ Wall Street vetThomas Hum·WriterJune 10, 2021, 10:26 AM·3 min readOops!Something went wrong.Please try again later.Oops!Something went wrong.Please try again later.Oops!Something went wrong.Please try again later.Oops!Something went wrong.Please try again later.

Regarding looming inflation risks and their resulting Treasury yield rates, Wall Street veteran and co-founder of DataTrek Research Nicholas Colas stated that he has “never seen a stronger consensus” surrounding any macroeconomic issue in his career.

“Fed money printing plus fiscal stimulus/debt issuance plus economic reopening is supposed to equal high and likely lasting inflation,” Colas said. “The 10-year Treasury will go to at least 2 percent and maybe 3 percent or higher.”

However, in spite of the clear consensus on inflation and bleak forecasts, the 10-year Treasury yield has seemingly shrugged off the looming expectations. Colas noted that the year-to-date high 10-year Treasury yield (^TNX),...read more...