Guggenheim's Minerd Sees Shades of October 1987
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Scott Minerd added to the cast of siren voices warning about the dangerous cocktail of surging bond yields and slumping stocks.
In a Twitter post soon after the yield on U.S. 10-year Treasuries punched through 3.23 percent to another seven-year high, the chief investment officer of Guggenheim Partners noted that the tug of war between stocks and bonds is a dominant theme. Risk assets face a new headwind, he said.