Quarterly Outlook
Macro outlook: Trump 2.0: Can the US have its cake and eat it, too?
John J. Hardy
Global Head of Trader Strategy
Head of Fixed Income Strategy
Summary: At the end of last week, US Treasury yields broke above key resistance levels throughout the yield curve as the market reconsiders interest rate cuts in the second half of this year. This week, the selloff in Treasuries might continue amid the Fed minutes on Wednesday and the PCE index on Friday.