JPMorgan Says Treasury Yields to Surge in 1995 Cycle Replay
- Strategist sees upside of 1 percentage point in 10-year yield
- Stocks could rise 5% over next six months, Panigirtzoglou says
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Treasury 10-year yields may surge while stocks grind higher over the next six months after the Federal Reserve’s third interest-rate cut, according to JPMorgan Chase & Co.
The market reaction to the Fed’s “insurance” rate cuts has been most akin to a similar path taken in the mid-1990s, JPMorgan strategists said.