Yahoo: Wall St. Week Ahead: Top U.S. bond managers betting bond market still has room to run

News Article | June 7, 2019 | By Sierra Investment Management

Yahoo (June 7, 2019): Yields on the benchmark 10-year Treasury rate have dropped to near 2.10% after rising as high as 2.55% as recently as May 2 as fears of escalating trade wars and slowing global economic growth have spooked equity markets and sent investors to the safety of bonds. Bonds yields fall as security prices rise, leaving investors with capital appreciation gains.

After its strong start for the year, the S&P 500 is down nearly 4% since the start of May as the United States and China remain at an impasse over trade and tariffs. Further declines in the U.S. equity market could bring more waves of buyers into the bond market, further pushing yields lower, said Terri Spath, chief investment officer at Sierra Investment Management.

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Sierra Investment Management