Is now the time to lock into Treasury yields amid Fed rates?
Treasury yields (^TYX, ^TNX, ^FVX), in particular the 10-year note, have seen serious upsides as the Federal Reserve opts to keep interest rates higher for longer in the first half of 2024. UBS Global Wealth Management Head of Taxable Fixed Income Strategy Leslie Falconio joins Yahoo Finance Live to discuss fixed-income investment strategies amid the current rate environment. "I really think now the focus is going to be on the other side of the [Fed's] mandate, which is on the growth side. And our expectation is that throughout the year, although it remains above trend... growth will slow, and that's what we believe," Falconio explains. "So to us, it really doesn't matter whether the Fed cuts in June or July, 75 or 50 [basis points], as long as they cut this year, and as long as inflation is not priced in, then we think that 10-year yield will trend lower around that 3.75% level." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.
