Bloomberg on a trade reco from (amongst others) BMO Capital Markets, Cantor Fitzgerald and Wells Fargo
- A way to avoid fighting the Federal Reserve, or at least its imminent leadership change.
- One trade is foolproof in the eyes of many on Wall Street: betting on a flatter U.S. yield curve. By most measures, the spread between short- and long-term Treasuries is already the slimmest in a decade as the Fed raises rates in the face of tame inflation.
- "If they're going to continue on this normalization path -- and whoever comes in is going to do that -- you're just going to continue to see this flattening yield curve," said Eric Souza, senior portfolio manager at SVB Asset Management.
More detail here at the Bloomberg article ....
