Nannette Hechler Fayd'Herbe, chief investment officer at Credit Suisse International Wealth Management, said that the recent falls in longer-dated Treasury yields, despite higher inflation, could be explained by economic "growth momentum that is slowing."
She said that markets would soon be entering another phase, driven by the guidance that central banks will give on monetary policy. The Federal Reserve's next policy meeting on June 15 and 16 could "launch markets into ... a second wave of interest rate increases as expectations of future monetary policy are also going to adjust," she said. Hechler Fayd'Herbe expects a resurgence of higher yields for longer-dated Treasurys in the second half of the year.
The University of Michigan is set to release its national data for June on economic indicators at 10 a.m. ET on Friday, including consumer sentiment and inflation expectations.
FED - 'Thank you for participating in our wealth redistribution cycle !'
And banks soon covering HF NakedShorts positions.
horrible
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