Wells Fargo's Patel Says Rise in 10-Year Will Disappoint
Oct.13 -- Margie Patel, senior portfolio manager at Wells Fargo Asset Management, says the Federal Reserve's persistent support of economic growth will limit the rise in U.S. Treasury 10-year note yields. "I think people are going to be disappointed with the increase in Treasury yields," Patel said on Bloomberg Television. "We are doomed to be in a very low interest rate environment -- that's what the Fed wants."
Bloomberg from Video Elephant