Agency: Faster U.S. economic growth could hurt long-term bonds

Odaily Odaily: Dario Messi, an analyst at Julius Baer Research, said in a report that the assumption of higher nominal growth rates in the United States in the coming quarters is usually a bearish signal for the bond market. He said this prompted Julius Baer to avoid excessive extension of maturities. "Given the volatility of the market, it is difficult to say that long-term yields have reached an attractive entry point," Messi said. Julius Baer sees good opportunities in 3- to 7-year U.S. Treasuries. "Those bonds with longer maturities and the highest quality should only be used for hedging purposes in case of a U.S. recession," Messi said. (Jinshi)