Joseph Shatz
Joseph Shatz
chance cheapest duration environment securities
We're in an environment where shorter duration securities will be cheapest to deliver. It (the 30-year bond) does not have a chance of being the cheapest to deliver.
ammunition continue drifting expect fed gives jobs market raising shows strong yields
I expect yields to continue drifting higher. Anything that shows the jobs market is strong gives more ammunition to the Fed to keep raising rates.