Thursday, May 26News That Matters
Shadow

Tag: Bianco

Investors will get temporary relief from falling Treasury yields this spring, market forecaster Jim Bianco predicts

Finance
Investors may get a break from the market's wild swings.Wall Street forecaster Jim Bianco expects stocks to get a boost this spring because the benchmark 10-year Treasury Note yield will temporarily retreat."The near-term forecast is it's oversold, and it's probably due for a rally – meaning that we would have falling rates," the Bianco Research president told CNBC's "Trading Nation" on Friday.He predicts the drop will benefit the indexes, including the tech-heavy Nasdaq which has gotten rocked by rising rates in the past month. The Nasdaq is particularly vulnerable to rates because technology is considered a long duration asset like Treasurys."The stock market will definitely act like it's a relief," Bianco said.The 10-year yield closed the week at 1.70%, and it's up almost 89% so far thi...