SHY - Interest Rate Outlook: U.S. Treasuries Likely To Be Stuck Between Better-Than-Expected Growth And A Dovish Fed
Posted by Rob Waldner, Chief Strategist and Head of Multi-Sector on Feb 6, 2019, in Fixed Income
Invesco Fixed Income shares its views on rates around the world
US: Neutral.
In the near term, we expect Treasury yields to be stuck between better-than-expected growth and a dovish Federal Reserve. The Fed stated it will remain patient when considering future hikes and has noted concerns about a lack of persistent inflation. Over the longer term, we expect growth and inflation data to support a hike in June. While we continue to believe peak US growth is