Hoisington’s Hunt Says the Bond Rally Is Just Getting Started
- Wasatch-Hoisington U.S. Treasury Fund is down over 12% in 2023
- Firm remains resolute in its wager on long-term US Treasuries
Lacy Hunt
Photographer: Christopher Goodney/BloombergThis article is for subscribers only.
Hoisington Investment Management Co. was pummeled by its bullish stance on US bonds in recent years, driving its Treasury fund to some of the industry’s biggest losses as the Federal Reserve’s rate hikes sent prices tumbling.
But long-time chief economist Lacy Hunt sees the recent retreat in Treasury yields as the start of a rally that will gain steam once the US economy careens into a hard landing.