MSCI Nordic Countries Index rises 0.8% to 382.93 points
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“Bull” Ed Yardeni: Inflation may cool down, and a 5% yield makes the ten-year US Treasury quite attractive
Yardeni believes that the yield on the US 10-year Treasury bond, approaching 5%, already presents significant investment appeal, provided that productivity improvements can help moderate inflation. He anticipates that inflation will remain between 2% and 2.5% over the next decade, with a real return of around 2.5%. A Democratic sweep in Congress has boosted US Treasuries, pushing the 10-year yield down to 4.87%, the lowest level since September 10.
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