HSBC Favors Long-dated U.S. Inflation-protected Treasurys

Dow Jones07-22 22:02

1402 GMT - HSBC sees value in long-dated U.S. inflation-protected Treasurys, or TIPS, strategist Dhiraj Narula says in a note. Yields on TIPS are now at multi-decade highs. "The surge in real rates in recent weeks notably contrasts with the collapse in inflation breakeven spreads, which have remained low despite the uptick in oil prices amid renewed geopolitical tensions in the Middle East," the strategist says. The key reason for this is the more decisive messaging on price stability from several Federal Reserve members, emphasising a commitment to the 2% inflation target, he says. HSBC maintains a neutral duration--a measure of a bond's sensitivity to interest-rate changes--position on nominal U.S. Treasurys. (emese.bartha@wsj.com)

(END) Dow Jones Newswires

July 22, 2026 10:02 ET (14:02 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2653765941?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-07-22 22:02","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2653765941","market":"nz","top_or_hot":-1,"title":"HSBC Favors Long-dated U.S. Inflation-protected Treasurys","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1402 GMT - <a href=\"https://laohu8.com/S/HSBC\">HSBC</a> sees value in long-dated U.S. inflation-protected Treasurys, or TIPS, strategist Dhiraj Narula says in a note. Yields on TIPS are now at multi-decade highs. \"The surge in real rates in recent weeks notably contrasts with the collapse in inflation breakeven spreads, which have remained low despite the uptick in oil prices amid renewed geopolitical tensions in the Middle East,\" the strategist says. The key reason for this is the more decisive messaging on price stability from several Federal Reserve members, emphasising a commitment to the 2% inflation target, he says. HSBC maintains a neutral duration--a measure of a bond's sensitivity to interest-rate changes--position on nominal U.S. Treasurys. (emese.bartha@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 22, 2026 10:02 ET (14:02 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>HSBC Favors Long-dated U.S. Inflation-protected Treasurys</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHSBC Favors Long-dated U.S. Inflation-protected Treasurys\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-07-22 22:02</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1402 GMT - <a href=\"https://laohu8.com/S/HSBC\">HSBC</a> sees value in long-dated U.S. inflation-protected Treasurys, or TIPS, strategist Dhiraj Narula says in a note. Yields on TIPS are now at multi-decade highs. \"The surge in real rates in recent weeks notably contrasts with the collapse in inflation breakeven spreads, which have remained low despite the uptick in oil prices amid renewed geopolitical tensions in the Middle East,\" the strategist says. The key reason for this is the more decisive messaging on price stability from several Federal Reserve members, emphasising a commitment to the 2% inflation target, he says. HSBC maintains a neutral duration--a measure of a bond's sensitivity to interest-rate changes--position on nominal U.S. Treasurys. (emese.bartha@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 22, 2026 10:02 ET (14:02 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CGDV","symbol_name":"Capital Group Dividend Value ETF","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2653765941","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2653765941","pubTimestamp":1784728920,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1402 GMT - HSBC sees value in long-dated U.S. inflation-protected Treasurys, or TIPS, strategist Dhiraj Narula says in a note. Yields on TIPS are now at multi-decade highs. \"The surge in real rates in recent weeks notably contrasts with the collapse in inflation breakeven spreads, which have remained low despite the uptick in oil prices amid renewed geopolitical tensions in the Middle East,\" the strategist says. The key reason for this is the more decisive messaging on price stability from several Federal Reserve members, emphasising a commitment to the 2% inflation target, he says. HSBC maintains a neutral duration--a measure of a bond's sensitivity to interest-rate changes--position on nominal U.S. Treasurys.  Dow Jones NewswiresJuly 22, 2026 10:02 ET Copyright  2026 Dow Jones & Company, Inc.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CGDV":"Capital Group Dividend Value ETF","HIDV":"AB US HIGH DIVIDEND ETF","VTV":"Vanguard Value ETF","BK4588":"碎股","LU0976567544.SGD":"FTIF - Templeton Global Income A Mdis SGD-H1","PLGI":"PL Growth and Income ETF","BK4207":"综合性银行","FITZ":"Fitz-Gerald Must Have Portfolio ETF","RULE":"Adaptive Core ETF","LU1267930227.SGD":"TEMPLETON GLOBAL BALANCED \"AS\" (SGD) ACC A","HSBC":"汇丰","EQRR":"ProShares Equities for Rising Rates ETF","HSBH":"HSBC Holdings plc ADRhedged","LU0128525689.USD":"TEMPLETON GLOBAL BALANCED \"A\"(USD) ACC","BK4585":"ETF&股票定投概念","FT":"富兰克林通用信托","LU0052756011.USD":"TEMPLETON GLOBAL BALANCED \"A\" (USD) INC","BAMA":"Brookstone Active ETF","LU0310800965.SGD":"FTIF - Templeton Global Balanced A Acc SGD","LU0211326839.USD":"TEMPLETON GLOBAL INCOME \"A\" (USD) INC","LU0496365809.HKD":"TEMPLETON GLOBAL INCOME \"A\" (HKD) INC (Q)","LU0211326755.USD":"TEMPLETON GLOBAL INCOME \"A\" (USD) ACC","LU2236285917.USD":"ALLIANZ GLOBAL INCOME \"AMG\" (USD) INC","BK4521":"英国银行股"},"translate_title":"汇丰银行青睐美国长期通胀保值国债","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FT":0.74,"BAMA":0.74,"FITZ":0.74,"VTV":0.74,"EQRR":0.74,"CGDV":0.74,"HIDV":0.74,"PLGI":0.74,"RULE":0.74,"HSBH":0.6,"HSBC":1.5},"content_text":"1402 GMT - HSBC sees value in long-dated U.S. inflation-protected Treasurys, or TIPS, strategist Dhiraj Narula says in a note. Yields on TIPS are now at multi-decade highs. \"The surge in real rates in recent weeks notably contrasts with the collapse in inflation breakeven spreads, which have remained low despite the uptick in oil prices amid renewed geopolitical tensions in the Middle East,\" the strategist says. The key reason for this is the more decisive messaging on price stability from several Federal Reserve members, emphasising a commitment to the 2% inflation target, he says. HSBC maintains a neutral duration--a measure of a bond's sensitivity to interest-rate changes--position on nominal U.S. Treasurys. (emese.bartha@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 22, 2026 10:02 ET (14:02 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.46.0","shortVersion":"4.46.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2653765941","isCrawlerRequest":true}