February 22, 2016 / 3:06 PM / 2 years ago

Guggenheim's Minerd says 10-year Treasury note yield falling to 1 pct

NEW YORK, Feb 22 (Reuters) - Scott Minerd, the global chief investment officer of Guggenheim Partners, said on Monday that he sees the 10-year Treasury note yield falling to 1 percent, perhaps even lower, before year-end.

“According to technical analysis, the current target bottom for the 10-year Treasury note is 28 basis points,” Minerd told Reuters. “That may seem like voodoo, but technical analysis provided key insight to our macroeconomic team a year ago when we called for oil to hit $25 per barrel back when it was trading at $60.” (Reporting By Jennifer Ablan; Editing by Chizu Nomiyama)

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