Need to Know: This bond expert called the initial spike in interest rates. He now says a new chapter will emerge.
Scott Peng, the founder and chief investment officer of New York investment manager Advocate Capital Management, made at the beginning of the year what seemed to be a prescient call — that the yield on the 10-year Treasury would spike. And it did, for a while, surging as much as 83 basis points in the […]
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