Guggenheim's Minerd says the 10-year Treasury yield could be negative next year and opposes consensus view that rates are on 'uninterrupted trajectory higher'

Lucy Nicholson/ReutersScott Minerd said the 10-year Treasury could be negative in 2022 and rejected the consensus narrative rates are on an "uninterrupted trajectory higher." The Guggenheim global CIO said throughout history, every recession has been followed by a trough in interest rates. Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Guggenheim's Scott Minerd squashed the consensus narrative that rates are on an "uninterrupted trajectory higher" and said the 10-y