This is a chance to buy and we are increasing our exposure. Inflation is under control and that makes Treasuries even more attractive. We bought this week.

The likelihood of faster inflation means we have to be very cautious about holding Treasuries.

Inflation is still a threat when U.S. economic growth is relatively strong. It will weigh down Treasuries.

Inflation is under control and inflationary pressures are subdued. We are looking for opportunities to get into the market, preferably in Treasuries maturing in five years or more.

We're bullish on longer-term Treasuries because inflation is under control. We're not expecting any surprises from the Fed beyond what is already priced in. Treasuries at these levels are more likely to rally.

We are still cautious about Treasuries because global interest rates are rising. I'll wait before buying because yields will keep going up in the short term.