David Rosenberg argues the bond market is managing inflation rates effectively and yields will continue trading at normal levels.
Source: CNBC News.
DJI gains +0.039 on news.
Inflation rate is a short-term occurrence triggered by the holding back of the demand and supply chain challenges in the economy.
Currently, the US bond market is facing challenges in dealing with inflation rates as the yields continue to drop.
The top economist revealed that the bond market data has much noise and distortion. The bond market outlook forecasts trouble on the potential reopening of trade as part of the consumer cyclical process.
Rosenberg also expects Bitcoin to recover from the current slump.