10-Year Treasury a 'Screaming Buy,' Says BMO's Lyngen

The video discusses the Federal Reserve's objectives and the outlook for 10-year Treasury yields. It highlights the Fed's efforts to reestablish credibility as an inflation fighter, which is expected to lower nominal yields. The discussion includes predictions for yield movements, influenced by both monetary and fiscal policies, and the impact of global macroeconomic factors and treasury issuance on yield levels.

What is one reason the speaker believes the 10-year Treasury is a 'screaming buy'?

• The Fed's credibility as an inflation fighter is being reestablished.

• The global economy is experiencing rapid growth.

• The Treasury is reducing its debt issuance.

• The stock market is outperforming expectations.

By when does the speaker predict the 10-year yields will reach 3%?

• By the end of 2023

• In the first half of 2024

• By the end of 2024

• In the first half of 2023

What additional factor, besides monetary policy, is mentioned as influencing the 10-year yields?

• Social media trends

• Environmental regulations

• Fiscal policy

• Technological advancements

What primarily sets the outright level of Treasury yields according to the speaker?

• Local economic policies

• Global macros of inflation and growth

• Technological innovations

• Political stability

How does the market view the upcoming Treasury issuance?

• As a surprise factor

• As largely priced in

• As a minor consideration

• As irrelevant to current yields