Masayuki Senda
Masayuki Senda
fed inflation percent raise rates three
There is a possibility the Fed may raise rates three more times to 4.5 percent before pausing, to keep inflation under control.
cautious faster holding inflation likelihood means
The likelihood of faster inflation means we have to be very cautious about holding Treasuries.
bonds buy demand eager funds pension quite
Pension funds need long bonds and will be eager to buy at the auction. Demand will be quite strong.
economic growth inflation relatively threat weigh
Inflation is still a threat when U.S. economic growth is relatively strong. It will weigh down Treasuries.
along confidence consumer economic economy good including moving prices rise several steady treasury
Several economic indicators including consumer confidence show the economy is still moving along at a good and steady rate. The rise in Treasury prices will be limited.
fed interested means raise rates rise room staying yields
We're not interested in Treasuries because the Fed will probably raise rates two more times this quarter. That means yields have room to rise from here, which is why we are staying away for now.