Investors are always nervous when news come out that Asian central banks plan to cut their Treasury holdings.
More Quotes from Toshihiko Sakai:
Investors may find it difficult to buy Treasuries as future monetary policy is data dependent. The inflation risk remains alive and the indicators ahead will probably support the view that economic growth is continuing.Toshihiko Sakai
Between Greenspan's comments on interest rates and today's 30-year auction, the fundamentals don't look too good for Treasuries.
Toshihiko Sakai
Treasury yields above 4.5 percent look attractive. Some people may take it as a short-term opportunity to get in.
Toshihiko Sakai
We're expecting very strong first-quarter growth, which means the Fed can keep hiking rates in the first half of the year. This is not a good time to be buying Treasuries.
Toshihiko Sakai
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