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Will Shifting Macro Forces Spell Trouble For The Treasury Market?

September 17, 2020
2:00 PM - 3:00 PM


Will Shifting Macros Forces Spell Trouble For the Treasury market?

Frank Petrocca and Phillip Colmar are going to present their non-consensus view on government bond yields. Bond yields have been driven lower over the past decade by the adoption of the secular stagnation thesis by investors and central banks, and more recently by the COVID-19 fallout. However, macro fundamentals no longer support a deflationary narrative. The Fed has reiterated its extremely dovish bias and economic forces will support bonds this year, but will slowly shift in a way that encourages a gradual multi-year uptrend in bond yields. While this is still under-appreciated by investors, it will have a profound impact on portfolio strategy in the years ahead. Frank and Phillip will layout a roadmap for investors and recommend how to position accordingly.

Please register for this event and you will receive a calendar invite and access information the morning of the meeting.  


Frank Petrocca, CFA
Senior Analyst, Fixed Income
Frank Petrocca joined MRB in 2015, and specializes in developed market policy and fixed income strategy. Along side Phillip Colmar, he regularly contributes to the firm’s regional economic and Global Fixed Income reports. Frank has developed several economic/financial models and indicators. Frank also assists Phillip in developing global thematic research.

Mr. Petrocca has a B.Sc. in Economics from the College of Charleston. He also holds the CFA designation.

Phillip Colmar
Partner, Global Strategy
Phillip Colmar is a founding partner. He has extensive experience, both as a strategist and economist. Mr. Colmar focuses on global multi-asset investment strategy, trading opportunities, and financial market risks. His expertise is in identifying and developing macro and investment themes. Mr. Colmar speaks at conferences, seminars and client meetings.

Over his career, Mr. Colmar has covered all major global asset classes and has developed comprehensive frameworks, models, and indicators. Prior to forming MRB, he was the Head of both the Daily Insights and Global Fixed Income Strategy services at BCA Research Inc.

Mr. Colmar has an M.Sc in Finance from Queen’s University, as well as a B.A. in Economics and a Bachelor of Business Administration (Finance) from Bishop’s University.

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