Bloomberg Surveillance · Wednesday, September 30, 2026
Matt Miskin of John Hancock notes a sentiment shift where equities are favored while bonds are disliked, despite yields sitting near multi-decade highs. He suggests that investors are waiting for key economic data like the PCE report before re-entering the bond market.
“And every stock on the planet is loved. Every bond on the planet is disliked. It's a sentiment issue.”
“We're at 20-year high yields and no one wants them. So there's a ton of value in the bond market.”
“If you can lock in these yields, I think that's going to be pretty attractive.”