We are seeing some bottom-fishing going on as some investors take advantage of yields at these levels to buy. Yields are heading south.

The U.S. Treasury market will outperform their European counterparts. The yield spread is making Treasuries more attractive.

The long end of the curve is very cheap. We are maintaining our long duration position in Treasuries.

Durable goods orders tend to be a more prominent leading indicator. I expect a weaker number, so I am bullish on Treasuries.

Durable goods order tends to be a more prominent leading indicator. I expect a weaker number, so I am bullish on Treasuries.

Home prices are moderating, inventories are rising and affordability is heading south. The market will slow down even more by mid-year. There's a chance we will accumulate our holdings.