The 10-year notes are reasonable to get in at these yield levels compared with a month ago. |
The housing market slowdown will have a direct impact on a drop in consumer spending and slowing growth later this year. This is a good time to be buying bonds with yields at these levels. |
The U.S. is still our choice. Treasury yields are higher. |
Treasuries are attractive at these levels. They are getting closer to levels that we will be interested in buying. |
We cannot rule out that the Fed won't raise rates in June if the economy is still strong. We still don't want to buy Treasuries yet. |
We will see the Fed raise rates tomorrow but beyond that, it will depend on the economic data, which is pretty mixed right now. We are not buying Treasuries. |