Ed Yardeni Says 5% Treasury Yields Now Attractive

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Yardeni Research President Ed Yardeni argues that 10-year Treasuries yielding around 5% offer an attractive real return, driven by expectations that productivity gains will keep inflation contained. While he expects bond coupons to outpace inflation over the next decade, Yardeni maintains that stocks will continue to outperform bonds over the long term. (Source: Bloomberg)