Fidelity: 10-Year US Treasury Yield Could Still Reach 6%

TREE NEWS update: Fidelity says that against the backdrop of persistent high inflation, the 10-year US Treasury yield could still climb to 6%. Fidelity notes that because bonds and stocks are positively correlated, bonds need to offer higher returns to attract investors. Salman Ahmed, Fidelity’s Chief Investment Strategist, said that from a tactical perspective, he still believes a scenario in which yields hit 6% is possible.