- The team has moved to underweight on bonds over the next three months, and expects the yield on the 10-year U.S. Treasury to hit 2% by year-end (currently 1.66%). Yields on 10-year German and Japanese paper are forecast to hit the towering levels of 0.3% and 0.1%, respectively.
- Goldman: "The Goldilocks scenario from July and August, with anchored global rates and better-than-expected macro data, has faded. Moreover, since mid-August pressure on commodity prices has increased again."
- ETFs: TBT, TLT, TMV, TBF, EDV, TMF, TTT, ZROZ, JGBS, JGBD, VGLT, TLH, SBND, UBT, DLBS, TLO, BUNL, JGBL, BUNT, LBND, GGOV, JGBT, VUSTX, DLBL, TYBS, JGBB