Tim Ghriskey, Chief Investment Officer, Solaris Asset Management, feels the US Federal Reserve has made it clear that the decision to start tapering will be a data dependent one. This in turn has helped in taking bond yields higher.
He further adds: "They (Fed) have taken the fixed income market out of a bubble scenario where you had negative real yields beyond the 10-year bond to a place where the yields we think are sustainable here and attractive enough for insurance companies and other fixed income investors to move in."
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