Fade The Fed?

"We continue to see five- to 10-year real and nominal rates as attractive, but markets may struggle for direction in the near-term as data could remain noisy amid an overall slowing trend," TD Securities' Oscar Munoz and Gennadiy Goldberg wrote, editorializing around the new Fed dot plot. TD "marked to market" (their words) their Treasury forecasts, even as they "continue to expect rates to decline in the months ahead as data softens." I mention the above because I generally agree with it. All

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