'Bonds In A Multi-Year Bear Market', Experts Sound Alarm On Further Rate Hikes As Oil Goes Haywire
Portfolio Pulse from Piero Cingari
Financial experts Jim Bianco and Mohamed El-Erian have warned of a potential inflationary storm due to the surge in oil prices and the economy's resilience. They predict further interest rate hikes and a multi-year bear market for bonds. The iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) has fallen 47% since its July 2020 highs. Bianco forecasts a rate hike in November and another at the start of 2024.
September 15, 2023 | 5:02 pm
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The iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) has fallen 47% since its July 2020 highs. Experts predict further rate hikes and a multi-year bear market for bonds, which could negatively impact TLT.
The experts' prediction of further rate hikes and a multi-year bear market for bonds could lead to a decrease in bond prices, negatively impacting TLT. The ETF has already fallen significantly since its 2020 highs, and the predicted economic conditions could exacerbate this trend.
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