An investment chief at a $1.4 trillion asset manager outlines 3 different ways the drop in Treasury yields could affect the stock market — and explains why there could be 1970s-style inflation in the second half of 2021
US Treasury 10-year yields have plummeted in July, dropping to 1.35% from 1.52% at the end of June.
Analysts have struggled to explain the falling yields, pointing to concerns about the Delta variant of COVID-19 and the Fed’s increasingly hawkish outlook…
