I agree regarding the entry point in LT bonds. When positive base effects for yoy Inflation end in June and inflation picks up higher again in July, it will again stop out a lot of Long Bonds investors imo. It's a tough market for the long bond guys. Their long term view on lower 10y yield is probably right, but the timing has been wrong for 18 months now.
I agree regarding the entry point in LT bonds. When positive base effects for yoy Inflation end in June and inflation picks up higher again in July, it will again stop out a lot of Long Bonds investors imo. It's a tough market for the long bond guys. Their long term view on lower 10y yield is probably right, but the timing has been wrong for 18 months now.
The last 2% will clearly be the toughest!