Closing Bell · Oct 7, 2026
With Kate Moore, Chief Investment Officer of Citi Wealth
Kate Moore does not think there is any yield at which Citi Wealth would start buying long-term bonds.
Many investors are hunting for the peak in Treasury yields so they can buy bonds and the rate-sensitive stocks that have been hit. Moore said the competition for capital, strong growth and fiscal deficits will keep yields from falling much, so she has stayed in short-dated bonds and used gold and industrial metals to diversify.
"And I got to tell you, the answer is no, because we're paying attention to why yields are moving up, not the actual level." — Kate Moore
Kate Moore, chief investment officer of Citi Wealth, on CNBC's Closing Bell Overtime. She said she has been bullish on stocks for a good while, and that even she has been surprised by the earnings companies have reported.
The full segment is covered here so you can skip it.
Here are the 6 calls that matter.
Key Takeaways
Dispersion between winning and losing stocks is a sign of a healthy market, Moore said
Competition for capital, strong growth and fiscal deficits will put a floor under bond yields, against the consensus view
Small caps rallied on rate-cut hopes, not fundamentals, and their pullback is deserved
No yield is high enough for her to buy long-term bonds
Gold replaced long bonds in the portfolio last year
Second-quarter margins were phenomenal despite broad inflation
1. A Split Market Is Healthy
The host said the S&P 500 is near record highs even as high bond yields hit rate-sensitive sectors, and asked whether the deep split inside the stock market is rational.
Moore said dispersion reassures her
"Hey, look, when there isn't dispersion in the equity market, that actually makes me more anxious." — Kate Moore
A separation between near-term winners and losers is a sign of a healthy market, she said, and investors should not want everyone rushing to buy everything regardless of fundamentals.
A pause in semiconductors and security software makes sense
The host had noted a pullback in chip stocks and security software. Moore called both strong, durable themes.
"And I think a little bit of a consolidation period makes sense when you're investing for the long term." — Kate Moore
