Ninety One's Borbora-Sheen Bets on 30-Year Treasuries Rally as Warsh Inflation Credibility Rebounds
Updated
Updated · Bloomberg · Aug 14
Ninety One's Borbora-Sheen Bets on 30-Year Treasuries Rally as Warsh Inflation Credibility Rebounds
1 articles · Updated · Bloomberg · Aug 14
Summary
Jason Borbora-Sheen is adding a contrarian leg to this year’s popular yield-curve steepener, positioning for 30-year Treasuries to outperform 10-year notes.
The trade rests on easing price pressures, which he expects will rebuild investor confidence in Fed Chair Kevin Warsh’s commitment to fighting inflation.
Long bonds have been hit by a sharp selloff since July, making the 30-year rally call a bet against the recent market move as well as a policy-credibility wager.