Hasenstab Joins Dimon Betting Treasury Yields Headed for 4%

Franklin Templeton bond chief says economy can take rate surge
‘Perfect storm’ brewing in inflation, supply, Fed withdrawal

Franklin Templeton’s Michael Hasenstab says the U.S. economy can handle 4% treasury yields.(Source: Bloomberg)

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By Natasha Doff and Brian Chappatta

May 8, 2018 at 1:06 PM UTC

Updated on

May 8, 2018 at 3:06 PM UTC

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Jamie Dimon just got a big-name backer in his bet that benchmark U.S. yields are heading towards 4 percent.

Franklin Templeton bond chief Michael Hasenstab predicts rising inflationary pressures, an onslaught of U.S. bond supply and the Federal Reserve’s moves to pare its balance sheet will conspire to drive up benchmark rates.