FEDERATED HERMES: DON’T RUSH INTO BONDS YET

Treasury yields are at some of their highest levels in a generation, but Federated Hermes CIO R.J. Gallo says elevated rate volatility means it may be too early to buy aggressively.

He warns another wave of bond-fund selling could push yields even higher before markets stabilize.

For now, Gallo favors short duration, with mortgage-backed securities potentially attractive once volatility subsides.
(@WalterBloomberg)