الجمعة, 27 نيسان/أبريل 2018 03:40

Citi Says Treasuries are About to Rally in a Big Way

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(New York)

Ten-year Treasuries are currently hovering around the 3% yield mark. This has alarmed some investors, but the market seems to be more bullish following yesterday’s moves. Now, with the move higher in yields stalling, Citigroup is calling for a huge rally in the notes, saying they will return to 2.65% yields. According to the bank’s strategists, “Equity markets are reacting negatively to increases in Treasury yields … A further sell off in rates will be held in check by the feedback loop from equity markets”.


FINSUM: A rally is possible, but Citi is saying this will occur because of a sell-off in stocks sparked by fears over inflation and rates. Not as bullish as it sounds.

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