(Bloomberg) — Treasury 10-year yields may drop as low as 1.50% as Iran’s rocket attacks against U.S. bases threaten to ignite a wider Middle-East conflict, money managers say.Benchmark U.S. yields are poised to extend declines as investors scramble to revise plans for the year following news of Iran’s retaliation, said Shane Oliver, head of investment strategy at AMP Capital Investors Ltd. The Federal Reserve is now more likely to cut interest rates, further supporting bonds, said Akira Takei, a global fixed-income fund manager at Asset Management One Co.“Iran has replaced the trade war as the biggest risk to markets,” Sydney-based …read more
Source:: Yahoo Finance
