The limits of excess

Knutzen: ‘Around two-thirds of S&P 500 Index stocks offer a higher yield than that of the 10-year US treasury.’ – Bloomberg

LOW yields and high equities cannot last forever, says Neuberger Berman chief investment officer, multi-asset class, Erik Knutzen in his weekly CIO perspective.

He notes that as the S&P 500 Index clambers to ever new highs, this has even been accompanied by rising bond yields over the past couple of weeks. However, the market remains far from normality.