AMWatch

Templeton and BNP brace for higher real yields as inflation cools

Franklin Templeton and BNP Paribas say real yields will rise in the months ahead, predicting that price pressures will stabilize.

Photo: PR/BNP Paribas

Franklin Templeton's Mohieddine Kronfol said the money manager is shorting Treasury Inflation-Protected Securities, or TIPS, as it expects the value to decline along with inflation expectations.

BNP Paribas favors betting on a rise in the German 10-year real yield to minus 1.7 percent by year-end from almost minus 2 percent on Thursday, with the European Central Bank set to wind down its emergency bond-buying program in the fourth quarter.

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