John is the Head of Fixed Income for BNY Mellon Wealth Management. He is responsible for all fixed income strategy, policy, and management on assets totaling more than $25 billion. John leads a team of approximately 40 professionals located in Boston. He is chairman of the Bond Strategy Committee, and is a member of the Investment Strategy Committee, Investment Policy Committee, and Asset Review Committee.
There are a lot of uncertainties and unknowns with the delta variant and other parts of the globe — including questions on whether they’ll continue to have the reopening that we’ve had domestically. The 10-year yield could drop briefly below 1% in the next couple of months, but I’d be surprised if it stayed there. We think the Fed continues with the script of saying that current policy is still appropriate and a long ways off from the mandate of getting millions of people back to work.18 August 2021