Hawkish Fed Expected to Support Long-Term Treasurys -- Market Talk

1248 ET - Long-term U.S. government debt looks attractive at current levels, Mackenzie Investments' Dustin Reid tells WSJ. The 30-year Treasury yield is at 5.12% and he caps it at 5.25%. Reid expects bond prices to rise, pushing yields lower, as the Fed leans hawkish and the Treasury increasingly finances itself with short-term debt. Reid likes the 30-year inflation-protected bonds, which he says are "a very good value play for a medium to long-term perspective in our portfolio." The 30-year TIPS yield is at 2.95%, according to LSEG. Beyond Treasurys, "we've also added some 30-year Canadian duration, looking for yields to move lower." (paulo.trevisani@wsj.com; @ptrevisani)

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July 29, 2026 12:48 ET (16:48 GMT)