The U.S. economy is doing okay and you have global growth doing fairly well. That's encouraging yields higher. A 5 percent yield in 10-year Treasuries represents fair value.
More Quotes from Grant Hassell:
There's a bit more optimism in terms of the growth outlook beyond the fourth quarter. That's going to support higher yields.Grant Hassell
We still expect Treasury yields to move higher. The rise in oil is starting to be a concern once again.
Grant Hassell
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