Gordon Long

BLOOMBERG: YIELDS HAVEN’T PEAKED – MAYBE 3.1%? — SOURCE: 02-26-18 Bloomberg Intelligence – “Curve to Flatten More; Yields Haven’t Peaked?” — We continue to believe curves will be flatter by year-end, which suggests that Treasury yields haven’t yet peaked. Among the reasons are An under-pricing of 2019 Fed interest-rate hikes, Uncertainty about the effectiveness of fiscal […]

 COSTLY US$ HEDGES TARNISH US BONDS FOR OVERSEAS INVESTORS –SOURCE: 02-28-18 Reuters – ” Costly dollar hedges tarnish U.S. bonds for overseas investors”– LONDON (Reuters) – Yields on U.S. government debt are at their highest in over four years, and yet they are failing to attract many European investors due to the uncertain outlook for the […]

BoAML RAISES 10Y UST FORECAST TO 3.25% – MATASII ON RECORD AT 3.30% HERE IS MATASII’S CALL PRIOR TO BoAML’S CALL (BOTTOM) — SOURCE: 02-23-18 BoAML via ZH – “BofA Revises 10Y Forecast To 3.25%, Expects A “Bumpy Transition” Higher” — Exactly one week after Goldman became the first major bank to raise its 10Y […]

BoAML RAISES 10Y UST FORECAST TO 3.25% – MATASII ON RECORD AT 3.30% HERE IS MATASII’S CALL PRIOR TO BoAML’S CALL (BOTTOM) — SOURCE: 02-23-18 BoAML via ZH – “BofA Revises 10Y Forecast To 3.25%, Expects A “Bumpy Transition” Higher” — Exactly one week after Goldman became the first major bank to raise its 10Y […]

MATASII CALL: 10 UST (TNX) 3.30% BY YE 2018

MATASII CALL: 10 UST (TNX) 3.30% BY YE 2018