Founder & Head of Research, Fortress Hill Advisors

Alex Ng

Founder & Head of Research

Fortress Hill Advisors

Founded in Hong Kong in 2019, Fortress Hill Advisor seeks to provide premium economic and financial researches.

Premium Economic & Investment Research

Macroeconomics

<ul>
<li>If the Fed convinces the market that it is leaving the door open to easing and sees Fed Funds reduction multi-year, then 2yr could hold onto a small discount .</li>
<li>10yr yields will likely maintain a small to modest premium to 2yr.</li>
<li>Funding will keep 10yr Treasuriies elevated unless a slowdown in the economy is evident, but the 10yr budget bill now looks like it will produce a budget deficit in 2026-27.</li>
</ul>


If the Fed convinces the market that it is leaving the door open to easing and sees Fed Funds reduction multi-year, then 2yr could hold onto a small discount .
10yr yields will likely maintain a small to modest premium to 2yr.
Funding will keep 10yr Treasuriies elevated unless a slowdown in the economy is evident, but the 10yr budget bill now looks like it will produce a budget deficit in 2026-27.


U.S. Treasuries and the Trump Effect