The Federal Reserve could cut interest rates this year, sending Treasury yields tumbling as the risks of a recession become ever more real, according to Jupiter Asset Management.
THE Federal Reserve could cut interest rates this year, sending Treasury yields tumbling as the risks of a recession become ever more real, according to Jupiter Asset Management.
“There is enough data for the Fed to soon go on hold,” he said. “My concern is if the Fed doesn’t back off soon, they could well cause a hard recession.” The yield on 10-year US Treasuries fell about five basis points on Wednesday, supported by gains in Europe’s bond market. Italy outperformed, sending the 10-year yield as much as 16 basis points lower to 4.06 percent. Gilts also rose, sending the 10-year yield lower by 8 basis points to 3.48 percent.BEZALEL, whose firm oversees $53 billion, has bullish bets on US, Australian and Korean government debt on expectations the bonds would gain in the event of a downturn.
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