“If you want to trade rates, our recommendation is to be in that five-to-seven-year part of the curve because it offers value.”
Closing Bell · AI Trade Faces a Reality Check 10/14/26
Play from 15:03
15:03
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What was described
recommend allocating to 5-7 year Treasury bonds for value while avoiding the long end
Said nearby on the same subject
“Total Fund Management… combine our asset allocation function with our treasury function. Asset allocation is what you want to buy. Treasury is how do you pay for it.”
OP
Ontario Teachers Pension Plan
Capital Allocators - Inside the Institutional Investment Industry ·
“Hyperscalers dramatically increasing their CapEx commitments... now net free cash flow negative... going to the bond market and the long end of the bond market”
“The treasury buyback program ... we’re going to buy back that 28-year bond ... and we’re going to issue treasury bills”
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Said on The Master Investor Podcast with Wilfred Frost
Why it worked$6 billion buyback; 28-year bond; Treasury billsShare this moment
“Scott Besant… buying $6 billion in bonds… you’re talking about $6 billion versus a $40 trillion treasury market… it seems like it’s clearly failed because long-term rates have marched significantly higher”