Akadia Capital CIO Michael Kao says TLT’s double-bottom has failed, pointing to renewed volatility and possible further downside in long-duration Treasuries. The reversal undercuts his earlier capitulation-bottom call as higher long-end yields keep pressure on equities.
published
Akadia Capital CIO Michael Kao says TLT’s double-bottom has failed, pointing to renewed volatility and possible further downside in long-duration Treasuries. The reversal undercuts his earlier capitulation-bottom call as higher long-end yields keep pressure on
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