Macro Investment Insights & Market Commentary

Upcoming Webcast

Will US Treasurys Hedge You in the Next Recession?

Please join BCA Chief Strategists Juan Correa and Ryan Swift, for a Webcast: Will US Treasurys Hedge You in the Next Recession?

Thursday, October 29
10:30 EDT | 2:30 GMT | 3:30 CET

With US debt exceeding 120% of GDP and interest costs among the highest in the developed world, can investors still rely on Treasurys to hedge the next bear market?

In this webcast, we will answer this question and others such as:

Who controls the long end of the curve in a downturn: the central bank or the bond vigilantes?
What role do the dollar and inflation play?
What can the central bank do if the Fed cuts rates and the long end does not fall?

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Will US Treasurys Hedge You In The Next Recession? Lessons From High-Debt Countries

History suggests central bank policy determines how bonds behave in recessions, even for high-debt countries. The Fed should be able to cut into a slowdown, making Treasurys an effective equity hedge… for USD-based investors. Foreign investors will see currency depreciation erase their gains....

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