The stock market’s volatility is driving U.S. bond prices sharply higher. The 10-year treasury yield is now below 2%. Free-falling oil prices and general global economic concerns are making stocks look much more riskier. Brian Rehling is the Co-Head of Global Fixed-Income Strategy at the Wells Fargo Investment Institute (WFC) and says this volatility can be good for consumers with falling interest rates and lower gas prices. Rehling says ‘near term oil trend is lower, but should see some modest recovery in 2015 stabilizing in the $60’s or low $70’s.’ Rehling thinks bonds will follow stocks’ lead in the near term but still thinks ‘U.S. large cap equities are the best place to be positioned for 2015.’
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