If you were looking for something to tuck away for 30 years, this would not be it.
More Quotes from Scott Gewirtz:
In terms of gold it does suggest people are trying to find other places to put their dollars but it's not an inflation story because TIPS just aren't doing anything.Scott Gewirtz
Yields at the end of last year were very low, and although the Fed was expected to lift rates to 4.50 percent, yields were around 4.32 percent. Now you've got people thinking the Fed is going to 4.75 percent, so you're seeing an unwind.
Scott Gewirtz
Pausing amidst robust data contradicts earlier statements that they are data dependent. If you were someone who was looking for the Fed to protect your fixed-income investment, if they pause and they're wrong, inflation pressures can build in that period.
Scott Gewirtz
A lot of people think we're right near the turning point for the Fed, but I don't think we're going to get a lot of information tomorrow.
Scott Gewirtz
Volumes are very thin, and now we've finally got the 10-year above 5 percent for the first time in four years.
Scott Gewirtz
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