2% 10-Year Bond Yield in Play This Year, Says Wells Fargo

The transcript discusses the rebalancing of pension plans, predicting a significant shift from equities to bonds. It analyzes market trends, including treasury yields and inflation expectations, and compares global yields. The impact on mutual fund investors is highlighted, with potential outflows due to negative returns. The Federal Reserve's approach to inflation and future meetings is also discussed.

What does the term 'rebalancing' mean in the context of pension plans?

What are the implications of the expected flow of pension funds into bonds?

How does the current bond bear market compare to historical bear markets?

What are the potential risks for mutual fund investors in a bond bear market?

What factors could influence the Federal Reserve's decisions in the upcoming June meeting?