Ed Yardney, president of Adney Research, believes that the 10-year US Treasury yield is “very attractive” around 5% against the backdrop of an expected decline in inflation. Adney said, “To buy 10-year US bonds with a 5% yield, you need to have some optimistic expectations that productivity will drive inflation back down, and I think this will happen. The 5% level is very attractive.” At the time of the announcement, US bonds rose for the second consecutive trading day. The Democratic Party won a big victory in the midterm elections, and the market expects that the Trump administration's tax administration and spending plans may be restrained, boosting the bond market. The yield for each term in the world's largest bond market generally declined by at least 4 basis points. The yield on the benchmark 10-year US bond fell to 4.84%, the lowest since September 10. Adney is a well-known Wall Street strategist known for promoting the “Federal Reserve Model” used to value stocks. He said that interest rates have now returned to a pattern of “staying normal for a longer period of time.”

Ed Yardney, president of Adney Research, believes that the 10-year US Treasury yield is “very attractive” around 5% against the backdrop of an expected decline in inflation. Adney said, “To buy 10-year US bonds with a 5% yield, you need to have some optimistic expectations that productivity will drive inflation back down, and I think this will happen. The 5% level is very attractive.” At the time of the announcement, US bonds rose for the second consecutive trading day. The Democratic Party won a big victory in the midterm elections, and the market expects that the Trump administration's tax administration and spending plans may be restrained, boosting the bond market. The yield for each term in the world's largest bond market generally declined by at least 4 basis points. The yield on the benchmark 10-year US bond fell to 4.84%, the lowest since September 10. Adney is a well-known Wall Street strategist known for promoting the “Federal Reserve Model” used to value stocks. He said that interest rates have now returned to a pattern of “staying normal for a longer period of time.”