We're bullish on longer-term Treasuries because inflation is under control. We're not expecting any surprises from the Fed beyond what is already priced in. Treasuries at these levels are more likely to rally.
With inflation under control it will be easier for the Fed to signal its intention to stop raising interest rates soon. Treasuries still have room to go higher.
Inflation is under control and inflationary pressures are subdued. We are looking for opportunities to get into the market, preferably in Treasuries maturing in five years or more.