Hoisington, a long-time bull on U.S. Treasuries for over three decades, has made a rare shift in stance, warning that the long-running bull market in U.S. long-term bonds may be coming to an end.

Hoisington Investment Management Co., long a steadfast bull on U.S. Treasuries, has now taken the rare step of reversing its stance.

Zhitong FinanceJul 16 23:32

U.S. Treasury: Foreign holdings of U.S. Treasuries rebounded in May to the second-highest level on record, with Canada recording the largest increase and Japan’s holdings declining.

In May, foreign investors' holdings of U.S. Treasury securities rose to $9.37 trillion, the second-highest level on record. Canada led the increase with an addition of $38.7 billion, followed by the United Kingdom with $11.1 billion and China with $8.2 billion. However, Japan, the largest foreign holder, reduced its holdings by $66.8 billion—a move widely attributed by markets to Japan's foreign exchange intervention, which involved selling U.S. Treasuries to raise funds.

wallstreetcnJul 15 05:26

Waller’s hearing debut may face numerous tough questions: on inflation, reaction function, interest rates, independence, and more

Facing questioning from lawmakers tonight, Wall Street does not expect the Federal Reserve's new chair— who has refused to offer any forward guidance—to provide clear answers, and only hopes he will share his views on the economy.

Golden10 DataJul 14 12:29

Express News | US Jun. Non-Farm Payrolls +57000 Vs +110000 Forecast, Prior +129000

BreakingsJul 2 20:30

Worsening market concerns as Worshe downplays forward guidance, with Wall Street warning of heightened U.S. Treasury volatility

Multiple institutions believe that if the Federal Reserve reduces its policy signaling in the future, it could increase market uncertainty regarding the interest rate path and exacerbate volatility in the U.S. Treasury market.

Zhitong FinanceJul 2 06:22

“Waller’s Debut” a “Once-in-a-Decade Turning Point”? Nomura Warns Against Preventive Rate Hikes Evolving into Substantive Tightening

Nomura Securities' Chief Macro Strategist Matsuzawa noted that markets have significantly underestimated the risk of a prolonged Federal Reserve rate-hiking cycle. He argued that AI-related investment expansion and productivity gains will drive economic growth and inflation above expectations, forcing the Fed to shift from 'preemptive hikes' into a substantive tightening cycle, which would push the 10-year U.S. Treasury yield well above 5%. He warned that, in hindsight, this FOMC meeting could mark the historical starting point of the end of the credit cycle fueled by the AI boom.

wallstreetcnJun 21 10:19