MacroCapture Portfolio: your hub for tracking our trade recommendations, monitoring updates to trade targets and stops, and reviewing aggregated performance all in one convenient place.
We’ve received several client questions asking if recent events have changed our structurally bearish stance on Treasuries. The short answer is no. However, we have always maintained that in the event of a US recession, we’d expect 10-year Treasury yields to fall to 3%, i.e. the bottom of the + 1SD band around our demographic model, which is a nice tradable move.