Otavio (Tavi) Costa: Two-year real interest rate at highest since Trump administration began

Otavio (Tavi) Costa: Two-year real interest rate at highest since Trump administration began
Real interest rate at Trump-era high

Otavio (Tavi) Costa, portfolio manager at Crescat Capital, highlights that the two-year real interest rate has reached its highest level since the Trump administration took office.

He also points to the current period as the deepest and longest drawdown in the history of the Bloomberg U.S. Aggregate Bond Index, indicating a concerning direction for the market.

Costa has previously noted that silver miners could see a breakout as selling prices at $75 per ounce far exceed $15–20 per ounce costs, resulting in strong margins for producers, according to a recent report. He also reported that the metals and mining ETF has broken out, with copper miners leading gains and steel producers included in the index, as detailed in a separate update. These observations follow his analysis of bond market performance and real rates.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
Weekly Top Bonuses
up to $2,500
deposit bonus for all clients
CLAIM BONUS
Your capital is at risk.