Term Premium Makes A Comeback
Bruce Monrad, Chairman and Portfolio Manager of Northeast Investors Trust, sheds some light on the resurgence of the Term Premium and how it influences the bond market landscape.
As interest rates surge, with the 10-year Treasury bond’s yield hitting a 16-year high at 4.8% and high yield market yields exceeding 9.0%, it’s time for a closer look at what this means for investors going forward.