Treasuries Are Probably at the Top of the Range, HSBC’s Major Says

The video discusses the current state of holding Treasurys into 2021, suggesting that the market is at the top of its range. It proposes a strategy of buying Treasurys when they are near the upper limit of the range, as a potential winning strategy for the first half of the year. The video also examines the Fed's forward guidance and average inflation targeting, suggesting that a move above 1% in Treasury yields would challenge the Fed's stance. The speaker supports the 'lower for longer' thesis, indicating that the market is challenging the Fed's guidance.

How long does the Fed indicate they might hold their current stance?

What is the 'lower for longer' thesis mentioned in the text?