Jefferies global economist Mohit Kumar said current U.S. Treasury yield levels are attractive for long-term investors, though uncertainty remains high. The firm also said central banks are unlikely to deliver rate hikes as large as those implied by market pricing. According to LSEG data, money markets have priced in a cumulative 93 basis points of Federal Reserve tightening over the next 12 months. The comments point to a gap between Jefferies' view and current market expectations on the path of policy rates.
Jefferies global economist Mohit Kumar said current U.S. Treasury yield levels are attractive for long-term investors, although uncertainty remains high.
Jefferies said central banks are unlikely to carry out rate hikes as large as those reflected in market pricing. According to LSEG data, money markets have priced in a cumulative 93 basis points of Federal Reserve hikes over the next 12 months.
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