Nomura expects U.S. Treasuries to benefit from growing concerns over a potential economic slowdown, with yields likely to decline further if the labour market begins to soften meaningfully.
In a note to clients, the bank said a resilient labour market would likely lead to only modest yield declines, but any signs of weakness could accelerate the downward move.
The cautious tone reflects a broader market narrative that slower growth, rather than inflation, is increasingly the dominant driver of bond market direction.
This article was written by Eamonn Sheridan at www.forexlive.com.from Forexlive RSS Breaking News Feed https://ift.tt/wud2KIr
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