The interest rate situation is getting worse, with rate increases likely and the 10 year Treasury yield likely to exceed 5%, which is an ominous sign. The bond situation is not looking good, and Secretary Bessent's actions seem to be worsening the predicament.
I'm expecting long term interest rates to keep increasing in the near term. My reaction is to stay on the sidelines and not buy any new fixed income with maturities greater than one year, until interest rates stabilize.
The Fed meeting that ends today will give a good indication of the direction of interest rates in the near term. The market expects the Fed to increase interest rates. I agree and will hold buying long term fixed income investments for now.
This is not financial, bond, nor investment advice. Please consult a professional advisor.
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