As the Federal Reserve meets to decide on its next monetary policy move, is recent economic data hinting at fresh buying opportunities in Treasury yields (^TYX, ^TNX, ^FVX)?
Franklin Income Investors CIO Ed Perks joins Yahoo Finance's Morning Brief instudio to discuss projections for US treasuries based around market volatility and the Fed's own interest rate agenda.
"Shortterm technical patterns are always developing which could indicate a move back up to 4.75, maybe approaching 5%. And what I love about that actually happening is then we would be able to form a big top in the 10year yield chart, which we don't have yet," Perks explains. "But I think if we just kind of look through the forest for the trees kind of bias and technicals, here is if we're up around 4.60 or so in the tenyear, we should be nibbling long. If we're retesting the yeartodate high in tenyear yields of 4.74%, we should be buying. If we're above that, we should be loading the boat long..."
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