Minority governments can find it more difficult to pass policy. There is the possibility of delays in implementing anything.
There are tentative signs things are slowing. It's not a foregone conclusion.
Jobless claims added support to signs that the economy is performing reasonably well. If the Fed continues to raise rates for another one or two times, Treasuries are on the expensive side.
The U.S. economy is still robust and inflation, though modest, is certainly something the Fed needs to be cautious about going forward. If the data remains strong, we could see easily see 4.75 percent on the 10-year yield by the next Fed meeting.
U.S. Treasuries at these levels don't offer value and it is not a good time to invest.
