Yasutoshi Nagai Yields Quotations

From the economic viewpoint, Treasury yields are too low. We are expecting robust growth in the first quarter and that will lead to a correction in the bond market.

The 30-year bond sales will take the pressure off 10-year notes when it comes to pension fund managers seeking longer duration holdings for their funds. We will see 10-year yields rise again.

We don't see the Fed stopping before the second half of 2006. We are recommending investors sell Treasuries before yields move even higher.

There's no sign of the economy slowing down and Fed officials should continue to be hawkish. It's a misconception that long-term yields will fall further.