Iran Shock ‘Long-Term Bullish' for Treasuries, BMO's Lyngen Says

BMO's Ian Lyngen says lower rates remain his base case for US Treasuries, indicating an expectation for Treasury yields to move down. He warns the 2-year sector will "continue to struggle," signaling potential underperformance or pressure in the short end. This is a market strategist view favoring duration exposure while flagging front-end weakness.

Analysis

BMO's Ian Lyngen says lower rates remain his base case for US Treasuries, indicating an expectation for Treasury yields to move down. He warns the 2-year sector will "continue to struggle," signaling potential underperformance or pressure in the short end. This is a market strategist view favoring duration exposure while flagging front-end weakness.