Ray Dalio warns against buying US bonds on dips, stating the risk of "surprisingly sustained" rising yields
Neuberger Berman warns against buying US Treasuries on dips, stating that the recent sell-off may just be the beginning of a surprisingly sustained rise in yields. Ashok Bhatia, Co-Head of Fixed Income at the firm, mentioned that risks of the Fed pausing rate cuts, increased market volatility, strong US economic growth, and stubborn inflation could drive the 5-year US Treasury yield to around 4.50% in the next three months. Currently, the yield stands at about 4.13%