After the last FOMC meeting, the 25-year treasury ETFs like ZROZ and SCHQ are at their lowest since 2013. Powell clearly indicated that the rate could be higher for longer. He said based on the current conditions, the rate is expected to be 5.2 by 2024 and lower in 2025.
My question is when is a good time to buy treasury ETFs in order to make profits by the rate cuts. I worry if I buy too late then I might miss the expectation of rate cut. But the expectations right now arent optimistic in the short term. 5.2 by the end of 2024 sounds really disappointing. How likely is this expectation subject to change?
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