Infrastructure Capital Advisors said it is constructive on U.S. 10-year Treasuries and expects the Federal Reserve to deliver only one more rate hike. According to the report cited by ChainCatcher, the firm’s chief executive said that outlook is in line with the Fed’s dot plot and comes in below broader market expectations. The firm also expects the yield on the U.S. 10-year Treasury note to stabilize at around 5%. The comments center on the path of U.S. monetary policy and long-dated government bonds, with the rate outlook framed against the Fed’s own projections rather than a more aggressive market view.
Infrastructure Capital Advisors is bullish on U.S. 10-year Treasuries and expects the Federal Reserve to raise rates only once more, according to ChainCatcher.
The firm’s chief executive said one additional hike would be consistent with the Fed’s dot plot and would be less than what the market expects. Infrastructure Capital Advisors also said it expects the yield on the U.S. 10-year Treasury to stabilize at around 5%.
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