Russell Investments: Two-year US Treasuries offer strong investment value, market tightening expectations may be excessive
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(1) Paul Eitelman, Global Chief Investment Strategist at Russell Investments, stated that two-year U.S. Treasury bonds offer good investment value. (2) He believes that the current two-year Treasury yield reflects a level of tightening risk that exceeds what his institution believes the Federal Reserve is likely to actually implement. (3) The two-year U.S. Treasury yield is stable at 4.063%; the market is currently pricing in expectations for the Federal Reserve to raise rates by about 15 basis points before the end of the year.
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