“Long-term interest rates should remain low amid positive fundamentals for bonds, says financial market guru Jeremy Siegel, a finance professor at University of Pennsylvania.
“Everyone expected the 10-year [Treasury yield] to be 3.5 percent by now on its way to 4 percent. It’s closer to 2.5 percent,” he tells CNBC. The 10-year yield stood at 2.63 percent Thursday morning and touched a two-month low of 2.57 percent Monday.
Siegel admitted that he was part of the chorus predicting higher yields. “Now I think we’re going to have low interest rates on that long-term [bond] for quite a while now no matter what [Federal Reserve Chair] Janet Yellen says,” he argues….”
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