Ed Yardeni says US economy can handle higher bond yields
In short
Ed Yardeni said the US economy may be able to handle higher bond yields. The CNBC TV18 Market summary says he mentioned 6% on the 10-year bond as a tipping point and talked about growth and yield curve control.
The note matters because higher US rates can affect emerging markets like India. The reporting does not say whether markets moved or what Yardeni expects next.
What the reporting says
Ed Yardeni said the US economy can sustain higher bond yields, according to a CNBC TV18 Market summary. The report says he discussed US growth, bond yields, yield curve control and the risks that higher rates could pose to emerging markets such as India. No date, yield level beyond the 6% tipping-point view, or market reaction is stated in the available reporting.
Why it matters
Ed Yardeni, the president of Yardeni Research, said the US economy can tolerate higher yields, with 6% on the 10-year Treasury described as a tipping point in the publisher summary. He also discussed yield curve control and the pressure higher rates can place on emerging markets such as India. The available reporting does not give a date, policy response or market reaction.