Showing posts with label Fort Pitt Global Group. Show all posts
Showing posts with label Fort Pitt Global Group. Show all posts

Tuesday, June 5, 2007

Bond Rates Climbing

As treasury bond yields near 5%,many are wondering if stocks will decline as a consequence.Investors could settle for the certainty of the bonds,rather than the bumpy ride of a stock.Ten year government bond rates are rising worldwide.The U.S. ten year is at a nine-and-a-half month high.Charlie Smith of Fort Pitt Global Group says corporate earnings are driving bonds up,but they will not be attractive below 5.75%.Smith Barney's John Manley thinks rates are probably finding their top now.If they do crest 5%,though,this will eventually harm the stock market.