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.
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
There is a possibility the Fed may raise rates three more times to 4.5 percent before pausing, to keep inflation under control.
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
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
Inflation is still a threat when U.S. economic growth is relatively strong. It will weigh down Treasuries.
Masayuki Senda
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