A 10-year yield near 5 percent offers value. Yields have risen quite quickly over the past few weeks. |
I am still a little bit bearish. The market thinks the U.S. economy is strong. Treasuries are still not attractive because the Fed will raise rates on March 28 and maybe again in May. |
Supply in this quarter will be bigger than usual, so it will have a bad effect on the market. It's difficult to buy at these levels when you know the Fed will hike rates next week. |
Treasuries are expensive at these levels given that the Fed is still going to raise interest rates. The Fed is still worried about inflation. |
We are still a bit bearish on Treasuries. The economy is doing well. |
We see investors coming in to cover short positions. For some, these are attractive levels to get in. |