Patrick Armstrong, CIO of Plurimi Investment Managers, has said 10-year Treasury yields will surprise many investors by rising dramatically, as a result of interest rates being hiked much faster than markets anticipate.
Speaking at the Thomson Reuters Lipper European Alpha Expert Forum in London, Armstrong (pictured) said he expected 10-year Treasury yields, which are currently at 2.3%, to reach 4.2% in the near future,...
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