Lacy Hunt and Hoisington Turn Bearish on US Treasury Bonds
Lacy Hunt, the 84-year-old economist, and his colleagues at Hoisington Investment Management have shifted from a long-running bullish position on US bonds to one of the market’s more committed bearish stances, according to Bloomberg. The firm also sees a risk that the Federal Reserve could make a policy mistake and that inflation could remain a concern.
Lacy Hunt and colleagues at Hoisington Investment Management have emerged as committed bears on the US bond market, according to Bloomberg. The shift contrasts with Hunt’s more than three decades behind what the report describes as one of the market’s enduring bullish wagers.
Hunt, an 84-year-old economist, has been associated with Hoisington’s long-running view on US bonds. Bloomberg reported that he and the firm’s colleagues now hold a markedly more negative outlook on Treasury bonds.
The concerns identified in the report include the risk of a Federal Reserve policy mistake and inflation. The source excerpt does not provide further details about the possible policy error, the expected path of inflation, or the specific Treasury securities involved.
THE QUESTIONS THIS EVENT LEAVES BEHIND
What conditions led Hoisington to reverse a view it held for more than 30 years?
How much of the firm's bearish outlook depends on Federal Reserve policy decisions?
What evidence would show that inflation risks are overstated?
Which investors could be most exposed if Treasury bonds perform poorly?
What would cause Hunt and his colleagues to reconsider their current position?
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GLOBAL CURIOSITY MAP · SEPTEMBER 2026