NYLIM's Hermann Sees Bonds Warning of Tighter Rates

Julia Hermann, global market strategist at New York Life Investment Management, said the recent move in bonds is a warning for equity investors to pay closer attention to interest rates, according to Bloomberg. She said markets are heading into a tighter rates environment over the next few months, with pressure potentially coming from the front end of the curve through an imminent Fed tightening cycle or from the long end through further Treasury selling and higher long-term yields.