Treasury Yields Reach Near 5 Percent, Analyst Says

Wall Street veteran Ed Yardeni said Treasury yields could peak near 5 percent in the coming weeks. Yardeni stated that the rise would open a rare opportunity to buy both stocks and bonds.

The veteran analyst said the 5 percent level would mark the top of the current yield climb. He described the period after the peak as a favorable entry point for investors.

Yardeni told MarketWatch that investors should prepare for the yield peak in the near term. He added that the move would affect both fixed-income and equity markets. Yardeni has previously commented on bond-market turning points.

The analyst recommended monitoring Treasury yields for signs that the peak is near. He said the subsequent decline would support purchases of stocks and bonds. Yardeni noted that timing the peak correctly could improve portfolio returns.