Strategists at BMO Capital Markets in New York are identifying what they describe as the macro trade of next year: It's the curve steepener, or the scenario.
Underneath a seemingly resilient U.S. economy, Denver-based Janus Henderson Investors is finding signs of a potentially more fragile environment than many in.
Traders in debt markets are largely looking past the latest confirmation of strength in the U.S. economy and focusing on the likelihood of it losing momentum.
An onslaught of supply from Treasury should create "fertile ground" for a continued selloff in Treasurys in coming weeks, according to BMO Capital Markets.
Fitch Ratings' decision to cut the U.S. government's top AAA rating ahead of Wednesday's quarterly refunding statement from the Treasury has left investors,.