The 10-year U.S. Treasury yield has hit its highest level in 16 years, but a host of economists and money managers and investors expect it can go still further.
If the 10-year yield broke out convincingly above 5.25%, Ginsberg said it could next move above 7% — although he'd be "shocked" to see yields that high.
He assumes that even a 10-year yield above 5% will cause something to go wrong in one corner of the market or the economy.
"It's gonna be a challenging environment for investors, for stock investors," Ginsberg said.
However, he expects the 10-year yield could stabilize around 4.5% and 5%.
Persons:
Ed Yardeni, Rob Ginsberg, Ginsberg, We're, Russell, Katie Stockton, Stockton, Wolfe Research's Ginsberg, Ray Dalio, Yardeni
Organizations:
Treasury, Yardeni, Research, Apple, Nvidia, U.S ., Bridgewater Associates
Locations:
Stockton