Bond Bull’s 1% Treasuries Yield View Is Suddenly Looking Prescient
- Yields, down from March peak, moving in Steve Major’s favor
- Major sees yields falling as debt rises, sentiment peaks
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Steven Major has long been known as a bond-market bull. Right now, he’s excelling himself.
For months, the HSBC Holdings Plc veteran has been calling the 1% Treasury yield that’s only now coming into the market’s focus. There are few who are quite as bullish -- the median forecast of his peers is 1.8% and there are more than a dozen others who expect 2% or more.