We don't see the Fed stopping before the second half of 2006. We are recommending investors sell Treasuries before yields move even higher.

From the economic viewpoint, Treasury yields are too low. We are expecting robust growth in the first quarter and that will lead to a correction in the bond market.

There's no sign of the economy slowing down and Fed officials should continue to be hawkish. It's a misconception that long-term yields will fall further.

The curve inversion is just a temporary phenomenon. It cannot last as the Fed raises rates.

We are expecting the Treasury market to continue to weaken in the next few months. There are no signs the economy is slowing and that means the Fed can continue hiking rates. This is not the time to be buying bonds.