The Fed is still concerned about rising inflation and it is not an encouraging sign for Treasuries. We are still cautious about investing in the U.S. Treasury market. |
The U.S. economy is very resilient and the Fed will raise rates at least two more times next year. The presence of oil money and foreign central banks has put a cap on long-term yields. |
We've seen purchases of bonds receding. Investors cannot be bullish on Treasuries until the Fed stops raising rates. |