Treasuries climbed across the curve Thursday, pushing long-end yields to the lowest in a month, as renewed doubts about the durability of the artificial intelligence trade drove investors toward havens.
Treasuries rose as benchmark oil prices retreated from the highest levels in weeks, prompting traders to trim wagers on Federal Reserve interest-rate hikes over the coming year
Treasuries are losing their luster as a portfolio hedge as increasing supply, persistent inflation and rising neutral rates weaken their appeal, according to Citigroup’s top Australia banker.
Treasuries are showing tentative signs of reclaiming their traditional role as a haven — threatening to wrong-foot investors who are heavily positioned for this year’s bond slump to deepen
Treasuries are apt to correct some in here -- perhaps back to 5.25% on the T30y
But the major trend in yields is up with our target for the 30-Yr at around 8%. The Fed will have a hard time even holding this ceiling