RBC BlueBay’s Bond Bear Who Called 5% Yield Pares Bearish Bets
Wed, Jan 15, 2025 10:40 AM

RBC BlueBay’s Bond Bear Who Called 5% Yield Pares Bearish Bets

A Flip by Swapnil Tiwari
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Long-term US Treasury yields have climbed so quickly that a prominent bear has said it’s time to take some chips off the table. Mark Dowding, chief investment officer at RBC BlueBay Asset Management, said he closed a bearish bet on long-maturity bond prices last week after a stronger-than-expected jobs report pushed 30-year Treasury yields above 5% for the first time since November 2023.

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