MARKET OUTLOOK - The Surge in U.S. Treasury Yields is Anticipated

Foreks - Chris Diaz, co-head of global fixed income at Brown Advisory, noted that a steepening of the U.S. Treasury yield curve is expected and that positions have been taken accordingly. Diaz stated, “From an interest rate risk perspective, we are positioned for a steepening." Expecting a widening gap between short- and long-term Treasury yields, Diaz added, "The main question is how the curve will steepen. But it will happen in either direction.”