The 10-year Treasury bond is a 'screaming buy' because the Fed has regained credibility on fighting inflation

• The 10-year Treasury is a "screaming buy" for investors, according to BMO's head of US rates strategy Ian Lyngen.
• The yield on the 10-year Treasury bond recently hit its highest level since 2008.
• But the yield is likely to fall over the next year as the Fed has regained its credibility on inflation.

The 10-year Treasury bond is a "screaming buy" for investors, thanks to the Fed's success in bringing down inflation so far, according to BMO Capital Markets head of US rates strategy Ian Lyngen.