The yield on the 2-year Treasury yield reached 4.1% on Wednesday, the highest level since 2007. Short-term, relatively risk-free Treasury bonds and funds are back in the spotlight. Investors should get out of private equity or alternative asset investments, and shift their allocations to fixed income. Morgan Stanley in a Sept. 19 note said global macro hedge funds were betting on another 50 basis point rise in the 10-year yield. The S & P 500 is down 4% so far this month, with S&P 500 down around 4%.Read Long Article
