Back in early March, Akira Takei had been positioned for Treasury yields to drop and the curve to steepen — a bet that looked like a long shot. Not anymore.
The Asset Management One Co. fund manager saw his call vindicated Monday when two-year US yields plummeted the most in four decades due to worries about the collapse of Silicon Valley Bank. The rally in Treasuries has just begun, according to Tokyo-based Takei, who expects the Federal Reserve to stand pat next week and start cutting rates as early as July.
Source : Treasury Bull Predicts 10-Year Yield to Drop to 2% After Hitting Jackpot