US TREASURY BULL MARKET TO RESUME – A ROADMAP WITH YIELD EXPECTATIONS

With the economic expansion nine months from being the longest in U.S. history, the yield curve nearly flat and housing market indicators peaking earlier this year, it doesn’t take much imagination to see what’s next: a recession and falling interest rate cycle – i.e., a U.S. Treasury bull market.  We study the history of these cycles and offers a road-map for the upcoming one.

There have been three major U.S. Treasury bull markets coinciding with recessions in the last 30 years.....