Can the 10-year yield go to 5%?
The primary factor that would move the 10-year towards 5%, Braizinha says, is a reacceleration of the economy.
A soft landing (still growth, but with lower inflation) won't do it.
Braizinha notes that the soft landing is still his base case and would "push back" against a 5% 10-year yield.
He also notes that "the degree of conviction" around a stronger economy "seems to have deteriorated."
Persons:
Bruno Braizinha, Braizinha, Braizhina
Organizations:
Bank of America
Locations:
U.S