Strategy Report
The Market's Sore Thumb
At current levels, Treasury yields are consistent with our assessment of fair value. Further, the Fed's Labor Market Conditions Index does not suggest an imminent recession. Expect payrolls to stabilize above levels consistent with further progress on wage growth and inflation, allowing the Fed to hike rates later this year.
Interested in reading this report?
To access the full BCA Research report, request a complimentary copy
BCA Research | US Bond Strategy
This service assumes the posture of a US fixed-income portfolio. We make recommendations for portfolio duration and fixed-income sector allocation.
Stay Connected with BCA
Get our latest events and research insights delivered to your inbox.