U.S. Treasurys are expected to underperform other markets in the wake of economic divergence between U.S. and overseas markets, BlueBay Asset Management CIO Mark Dowding says in a note. That said, BlueBay AM continues to express no clear directional bias on U.S. Treasurys. A degree of monetary tightening is already discounted in futures curves, he says. Markets price in a quarter-point rate hike by the Federal Reserve in December, with a high probability of a rate increase already in October, according to LSEG. (emese.bartha@wsj.com)
Dow Jones Newswires
U.S. Treasurys Seen Underperforming Against Other Markets — Market Talk
U.S. Treasurys are expected to underperform other markets in the wake of economic divergence between U.S. and overseas markets, BlueBay Asset Management CIO Mark Dowding says in a note. That said, BlueBay AM continues to express no clear directional bias on U.S. Treasurys. A degree of monetary tigh…