These are attractive levels to get back into the market, and we are anticipating a good performance ahead of us. We plan to gradually accumulate Treasury positions.
Home prices are moderating, inventories are rising and affordability is heading south. The market will slow down even more by mid-year. There's a chance we will accumulate our holdings.
I'm planning to accumulate more Treasuries. Higher oil prices are going to depress consumption. It's a kind of a tax increase for consumers.