Sigma Signals

Week of January 23, 2023

Treasury yields across the maturity spectrum spiked to levels not seen in a decade or more. Interest rates appear poised to plateau, and therefore we are moving our US Treasury signal from green to yellow. With commodity prices softening, we believe inflationary pressures might moderate. Certain Federal Reserve Board governors have also suggested a moderation in anticipated Fed tightening.

Bob Bilkie, CFA