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BMO thinks Treasury yields have peaked for 2018

Published 03/15/2018, 11:40 AM
© Reuters.  BMO thinks Treasury yields have peaked for 2018
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  • Ten-year Treasury yields are down to 2.82% from 2.95% last month after a series of signals pointing to a temporary pause in the so-called bond bear market.
  • The Atlanta Fed's downgrade to GDP, the retail sales miss, mounting trade tensions, and a surprisingly strong 30-year Treasury Bond auction are all supportive of low yields at least in the short term.
  • “We are increasingly comfortable with the notion that the 2018 peak of 10- and 30-year yields might have already been established,” BMO Capital Markets strategists Ian Lyngen and Aaron Kohli wrote.
  • ETFs: TLT, TBT, TIP, TMV, IEF, RINF, SHY, TBF, EDV, TMF, VTIP, TTT, ZROZ, PST, SCHP, MBB, VGLT, IEI, TLH, BKT, PLW
  • Now read: What Is The Bond Market Trying To Say?


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