Gradual tapering to conclude around mid-2022, says Peter Cardillo, Spartan Capital Securities.
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September 27, 2021The 10-year yield “is breaking out to the upside…on rising oil prices and respectable macro-economic data,” says Spartan’s Peter Cardillo, who sees increasing signs of “inflation becoming a serious threat to Fed’s plans.” Cardillo sees signs that rising inflation could force the central bank to speed up its tightening plans. “They may be forced to change monetary policy sooner than anticipated.” The benchmark is off its early high today of 1.512%, but still higher than Friday, at 1.491%.