The 10-Year Treasury Has A 5% Ceiling – 'Go Long SOXX', Analyst Says
Alpine Macro's Chen Zhao says the Treasury's bond buybacks cap long yields near 5% — and that ceiling is unambiguously positive for equities and chipmakers.
An expert thinks that long-term government bonds (which are like super-safe savings) probably won't go above 5%, which might be good for companies, especially computer chip makers. When investors feel safer about borrowing costs, they often feel more excited about putting money into stocks.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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