SocGen's Edwards: 10-year Treasury yields will fall to -1% in the next recession

Edwards previously forecast that US 10-year yields will fall below zero but told Investment Week these could go as low as -1% in "the depth of the next recession" as they converge "totally" with Japan and Germany. "Sound ridiculous? German 10-year yields were -0.2% last July," he added. On Monday, rising inflation expectations caused a sell-off in the global bonds markets with spreads in US 10-years widening to 2.73%, the highest point since April 2014. Although Edwards predicted yields to widen beyond 3% first, he said they would drop into into negative territory as the US and Eur...