Rising Bond Yields: Are They Good or Bad?

The notoriously bullish Jim Paulsen dives into the debate surrounding rising bond yields, and unsurprisingly, he takes a glass-half full approach to the situation.

While the aggressive jump in bond yields over the past few weeks has spooked global markets, Paulsen, chief investment strategist at Wells Capital Management, said the underlying characteristics behind the recent uptick should help soothe jittery investors. The main crux of his argument is rising consumer confidence has accompanied the boost in bond yields, which historically is a bullish development.