Investors may focus on short-term Treasurys as rate uncertainty continues

Bond investors may want to pay closer attention to the front end of the yield curve, according to Noah Wise, head of global macro strategy at Allspring Global Investments. Wise said shortterm U.S. Treasurys could be more attractive than longerduration bonds as markets weigh the Federal Reserve’s next moves. He pointed to yields above 4% and relatively low risk as part of the appeal. He also said U.S. credit markets look more favorable than European credit at the moment, citing stronger macro conditions. In addition, he noted potential opportunities in emerging markets, especially in Latin America, where yields remain higher. In a note to CNBC, Wise said the Fed’s decision to hold rates steady did not change his overall approach, but that his strategies have been adjusted tactically to respond to volatility in shortterm Treasury yields.