Strategist Mark Grant Perhaps said that one of the biggest surprises of 2017 so far is the 10-year Treasury note yield at around 2.15 percent.
"Everybody and his brother was saying it was going to be at 3 percent by now. I said, 'No, I didn't think so,'" the Hilltop Securities chief strategist told CNBC.
Grant spoke as the 10-year sat slightly down at around 2.148 percent on Monday morning, CNBC.com explained.
When asked when he thought the 10-year would hit 3 percent, he said, "no time soon," CNBC.com explained.
"I think the biggest shock is interest rates given what the Fed has done," he said. "And for a lot of big institutions, it's been a big pain trade."
Meanwhile, investing expert and author Joseph Hogue recently told Newsmax TV that investors of all ages should dive into the world of bonds.
“Bonds are sexy. They're the safety investment. They're the income investment,” he told this week’s “The Income Generation Show.”
However, the author of “Step by Step Bond Investing: A Beginner's Guide to the Best Investments and Safety in the Bond Market” realizes that most of the general public are wary, confused or just uninterested when it comes to bonds.
“The average investor is very underinvested in bonds. All you hear about on TV and on the internet is stock investing and that, obviously we've seen over the last two decades, leaves investors at risk, leaves their portfolios at risk and leaves their retirement at risk to a 50 percent sell off,” Hogue said.
“Right now, there's a huge misconception about the outlook for bonds. We've had a 30-plus year bond bull market where it's a come-down from double digits in the 80s to 2.5 percent on the 10-year U.S. Treasury. People are looking out into the future and predicting that rates have to go back up to those points, which it would be bad for bonds and it's just not the case,” he said.
"Global demographics, the aging population — not just in the United States but across the world — and proactivity is going to be a natural limiter on inflation and rates," he said.
(Newsmax wires services contributed to this report).