Yields on the benchmark 10-year Treasury – which move inversely to prices – are down 28 basis points since May 9, while the S&P 500
As a result, the recent gains in bonds have helped take the edge off volatility in the equity market, benefiting investors with a 60/40 portfolio, he said. "We went from inflation panic to recession fears increasingly being the cause for concern," George Goncalves, head of U.S. macro strategy at MUFG said in a note this week.
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