Low interest rates are here to stay for the time being, and may even fall further, according to one prominent investor.
Scott Minerd, the global chief investment officer of Guggenheim Partners, said on Monday he sees the
10-year Treasury note
yield falling to 1 percent, and perhaps even lower, before the end of 2016.
Investor worries about the health of the global economy is leading them to the shelter of government bonds, pushing down yields.
"If we find ourselves in an environment with rates in the United States at 1 percent, and then we were to have some sort of a shock like a stock market decline, then we could definitely see rates moving lower, especially as people seek a safe haven" Minerd told CNBC's "
Power Lunch
."