Satoshi Asai
Satoshi Asai
close compared concern inflation interest less level notes plan prefer rising yield
Ten-year Treasuries are very close to the yield level at which we plan to buy. We prefer the 10-year notes to shorter-term Treasuries because inflation is less of a concern compared to rising interest rates.
banks below buy central continue drop foreign percent yields
Foreign central banks will continue to buy Treasuries, so I am a little bullish. Yields may drop below 4.30 percent in the short-term.
correction curve downside expecting housing market means pressure robust
We are expecting to see some correction in the housing market after previously robust data. That will put some downside pressure on yields, which means the curve may invert some more.