The U.S. 10-Year Treasury yield will dip to 1.5 percent as more investors globally turn to safe investments, an expert said on Monday.
"The U.S. market still appears to be very cheap. That's what causes the yield to come down," Komal Sri-Kumar, president of Sri-Kumar Global Strategies, said on CNBC's "Power Lunch."
Sri-Kumar has maintained a bearish outlook on U.S. Treasury yields since last year. In August, he told CNBC that the yield on the benchmark U.S. bond would fall below 2 percent, under which it has stayed for much of this year.