Here's how high bonds could rise as Fed prepares to cut rates (via TradingNation)
Bonds are getting a bid again on Wednesday ahead of the Federal Reserve's decision in the afternoon.
Bond prices have been on the decline, and yields on the rise, over the past two weeks as demand for the safe haven asset has eased. Yields had come under pressure over the summer with recession worries spiking and trade tensions keeping investors on the hunt for safety. "I think that the back half of September, early October, it's right to take a stab at really buying dips in TLT and being long Treasuries, thinking this little spike in yields reverses and we see a pullback back down to potentially lows," he said.
Michael Binger, president of Gradient Investments, agrees that bond prices should continue to rise and yields fall.
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