We are seeing inflationary pressures in labor costs and energy prices and there is a possibility of the Fed raising rates three more times this year. With that scenario in mind, there's no way we would be investing in Treasuries at this time.
More Quotes from Takashi Yamamoto:
With the economy doing very well, the risks of the Fed hiking rates are even higher. We have no interest in buying Treasuries. It is not the right time.Takashi Yamamoto
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