Unless the u.s. Economy shows signs of slowing, the bond market is likely to keep yields relatively firm.
This market has been riding a wave of relief, but the good news has to keep on coming for this market to keep moving higher.
We think the chances of a global recession remain quite low.
There are some wicked winds swirling around from a macro perspective and you can't afford to be complacent.
We view this crisis as an evolving buying opportunity.
I suspect that traders are going to wait on the sidelines for federal reserve results.
While we are underweight bonds, we prefer the yield and quality in the u.s. Markets to those overseas.
It was something of a one-two punch between the trade-deficit report and higher interest rates that began overseas.
That the market absorbed the first rate hike in nearly a decade suggests that we can finish the year on a positive note.
