Sometime a picture can relay information more clearly than a long-winded description.
This chart called “Ten-year US Treasuries: the end of the long decline in yields?” came to us from the Financial Times of London. Avenue’s conclusion is ten-year US rates can easily trade in the 3-4% range and not cause too much disruption. A move to the 5-6% range would be disruptive, but a move of this magnitude would be enough to trigger a recession and therefore an adjustment to lower interest rates.
Chief Investment Officer, Portfolio Manager Bryden is a CFA® charterholder and a member of Avenue’s investment committee, managing both equity and bond portfolios. He leads investment research, client relationships in Ontario, and oversees trading and operations. Before joining Avenue in 2013, he worked in Debt Capital Markets at TD Securities.
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