CITI Singapore is having their Long Duration Us Treasuries Promotion. For bondholders, the past few weeks have been rough. In Citi analysts’ view, they are likely to stay rough until a new equilibrium in rates markets is secure. The return of long duration US Treasuries (20+ years) is about -12% this year. 10-Year Treasury yields have moved up 65 basis point in 2021 alone, having risen from 50bp in mid-2020 (the lowest ever recorded) by more than 1%. With short-term rates pinned down by the Federal Reserve (Fed), Citi analysts believe that the likelihood that the yield curve steepens further at the beginning of this New Economic Cycle seems a near certainty.
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https://www.facebook.com/CitiSingapore/posts…
Date: 18th March 2021 Onward
Available at: Citigold Client
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