Yasutoshi Nagai
Yasutoshi Nagai
bond duration fund longer managers notes pension pressure rise sales seeking yields
The 30-year bond sales will take the pressure off 10-year notes when it comes to pension fund managers seeking longer duration holdings for their funds. We will see 10-year yields rise again.
continue economy fall fed officials sign slowing yields
There's no sign of the economy slowing down and Fed officials should continue to be hawkish. It's a misconception that long-term yields will fall further.
economy-and-economics housing impact market smaller
The housing market only has a smaller impact to any slowdown in the economy.
demand economy good hikes rate remain
The economy is doing well and with more rate hikes anticipated, we don't see good demand at the auctions. We remain bearish on Treasuries.
bond correction economic expecting growth lead quarter robust treasury yields
From the economic viewpoint, Treasury yields are too low. We are expecting robust growth in the first quarter and that will lead to a correction in the bond market.
cannot curve fed last raises temporary
The curve inversion is just a temporary phenomenon. It cannot last as the Fed raises rates.
buying continue economy expecting fed few hiking market means next signs slowing time treasury
We are expecting the Treasury market to continue to weaken in the next few months. There are no signs the economy is slowing and that means the Fed can continue hiking rates. This is not the time to be buying bonds.
buying cannot economy expected fed raise rates recommend short
With the Fed expected to raise rates one or two more times and the economy doing well, we cannot recommend buying Treasuries. We would place short positions.
fed half investors move second sell stopping yields
We don't see the Fed stopping before the second half of 2006. We are recommending investors sell Treasuries before yields move even higher.
data economy growth last legs people
The data show the economy has more legs than people expected. Growth can last for at least two more years.