The Global Head of Fixed Income at Amundi, Eric Bard, believes U.S. treasuries will continue to outperform, directly conflicting what the rocket scientists at Blackrock said today. The rationale for this ballsy call is slower than usual economic growth, which will, naturally, apply pressure onto asset prices. The same shit that’s been happening for the past two years.
“Markets are under pressure of slower economic growth, slow inflation,” Brard said. “We have a lot of inflows going into the U.S. market. We will see continuing flows in the coming months. This is good for U.S. Treasuries.”
Bard believes yields for the 10yr will drop ‘well below 1.5%’ in the not too distant future.
Oh, he also manages $1.2t.
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The Fed was predicting four rate hikes earlier this year. Now the market is pricing in only a 2.4 percent chance of a rate hike Wednesday…Credibility has taken a big hit.
It’s all fun and games until your bullshit account hits zero.
Sorry Fly, I was referring to the Fed’s credibility
that wasn’t towards you, peso. Just a general thought.
Back to politics…..
Copied from another site and it is soooo true. 🙂
“This shit is funny. Dem leadership gets outed for being racists (Mexian taco bowls), homophobic (I’m no homo!), anti-semites (focus the south on the jew part of the jew!) and corrupt (fixing the primary AND having a list of appointments for donors)…and now it’s the “Russians” because they want Trump to win because he’s so “bad” for America.
A retard couldn’t even make this up. “