The recent pullback in Treasury prices has led to higher yields, making them more attractive to income investors. Higher yields also mean potentially higher returns if you hold the bonds until maturity. Some economists expect the US economy to slow down in 2024, which could lead to increased demand for safe-haven assets like Treasuries. This could further push up prices and yields.
However, the US government is approaching its debt ceiling, which could lead to another political showdown and financial uncertainty. This could further negatively impact Treasury prices.
In my opinion, the relative risk to reward favours entering into treasury at the present moment.
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