US ‘Hard Landing’ View Has TCW’s Patton Bullish on Treasuries
- She expects Fed tightening to slowly filter through economy
- Says monetary policy lags are longer than they used to be
The US Treasury building in Washington, DC.
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Unconvinced the Federal Reserve will be able to rein in inflation without triggering a recession, Jamie Patton at TCW Group says she’s bullish on Treasuries.
The co-head of global rates at the $210 billion asset manager said her team is “expecting a hard landing” as the Fed’s tightening campaign since March 2022 slowly filters through the economy.