Reported about 1 year ago
RiverFront Global Fixed Income CIO Kevin Nicholson discusses the June employment report which exceeded expectations, adding 206,000 jobs. Nicholson notes the Federal Reserve's focus on the core Personal Consumption Expenditures (PCE) index, which is forecasted to rise in June and is deemed more important than jobs data. He predicts the ten-year Treasury yield to remain range-bound between four and four and a half percent for the second half of the year, with potential fluctuations based on Fed rate cuts. Nicholson advises on bond investments, preferring credit risks over interest rate risks in the current market environment.
Source: YAHOO