Inflation is still a threat when U.S. economic growth is relatively strong. It will weigh down Treasuries.
More Quotes from Masayuki Senda:
The market will probably be less active today as players are waiting for the Fed speakers for some direction on where interest rates are heading.Masayuki Senda
We're not interested in Treasuries because the Fed will probably raise rates two more times this quarter. That means yields have room to rise from here, which is why we are staying away for now.
Masayuki Senda
We are still cautious about Treasuries because global interest rates are rising. I'll wait before buying because yields will keep going up in the short term.
Masayuki Senda
Several economic indicators including consumer confidence show the economy is still moving along at a good and steady rate. The rise in Treasury prices will be limited.
Masayuki Senda
This is a chance to buy and we are increasing our exposure. Inflation is under control and that makes Treasuries even more attractive. We bought this week.
Masayuki Senda
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