Yardeni 'Not Convinced' 5.25% Is the Top in Yields

• Bonds yielding 5.25% are attractive, but Yardeni is 'not convinced' this is the peak.
• He suggests yields could go higher, possibly to 5.5% or even closer to 6%, driven by 'bond vigilantes' and sticky inflation.
• Central banks are in a 'tightening mode' due to higher oil prices and persistent inflation, pushing bond yields up.

Edward Yardeni believes that while current bond yields around 5.25% are attractive, he is not convinced they have peaked and expects them to rise further, potentially to 5.5% or even closer to 6%. He attributes this to the 'revenge of the bond vigilantes' reacting to accumulated debt and sticky inflation, leading central banks to remain in a tightening mode.