Salman Ahmed, head of global macro and strategic asset allocation at Fidelity International, said in an interview with Bloomberg TV that US long-term treasury bonds are still weak due to concerns about fiscal deficits and the independence of the Federal Reserve. He said, “What we are worried about is the 30-year period of the curve.” He is particularly concerned about how fast long-term bonds may fall, which can push yields 25 to 30 basis points higher in just a few days.

Salman Ahmed, head of global macro and strategic asset allocation at Fidelity International, said in an interview with Bloomberg TV that US long-term treasury bonds are still weak due to concerns about fiscal deficits and the independence of the Federal Reserve. He said, “What we are worried about is the 30-year period of the curve.” He is particularly concerned about how fast long-term bonds may fall, which can push yields 25 to 30 basis points higher in just a few days.