T. Rowe Sees German Fiscal Push Emboldening 6% US Yield Call
T. Rowe Price sees Germany’s historic spending push as lending support to the money manager’s contrarian view that 10-year US Treasury yields will eventually reach 6%. “Long-maturity developed market government bond yields are heading significantly higher” as Germany joins others vying to raise more debt, Arif Husain, the firm’s chief investment officer of fixed-income, wrote…