Sounds logical...
With borrowing costs now likely close to their peaks and set to possibly fall, “this will reduce the attractiveness of holding cash and likely see reallocations to the return-generating potential of carefully selected risk assets,” Dibadj wrote in a blog on Wednesday.
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The bond rally should continue into 2024, as debt markets get a boost from dovish Federal Reserve monetary policy, UBS said in a Friday note.
The 10-year Treasury yield should drop to 3.5% by the end of 2024, UBS said.
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Edited by Rogerdodger, 01 December 2023 - 05:44 PM.
