Wells: U.S. Could Lose Safe Haven Status for Markets, Yield Curve Steepening

Andrew Wells thinks the 10-year bond could test 5% much sooner than expected, and likes the front end of the yield curve as an investment opportunity. On the long end, though, he’s more skeptical as the Treasury attempts to deal with the national deficit. He says the U.S. may lose its status as a safe haven for assets amid the volatility and likes gold instead. In terms of trade, he thinks the “dominos could fall very quickly” once the first agreement is released.

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