Treasury Yields Hit 4%, 5%, and 6%
John Lekas - CEO & Senior Portfolio Manager, Leader Capital May 12th, 2025 We believe U.S. Treasury yields are poised to rise meaningfully by year-end. Barring a major shift in global conditions, we see the 2-year reaching 4%, the 10-year nearing 5%, and the 30-year approaching 6%—up from current levels of 3.97%, 4.45%, and 4.87% (as of 5/12/25). This outlook…
“All’s Well That Ends Well”
John Lekas – CEO & Senior Portfolio Manager April 23, 2025 Credit markets and global interest rates remain relatively firm, reflecting a cautious but stable risk environment. We believe volatility will continue in equity and fixed income markets, but the fundamentals remain intact. Per the chart below, spreads have widened over the past month but are well within historic averages:…
Eggs go higher
Slavik Kolesnik – Portfolio Manager February 13, 2025 The latest data clearly challenges the prevailing narrative of Federal Reserve rate cuts and reinforces our view that interest rates will need to remain higher for longer. The recent CPI and PPI prints have significantly undermined expectations of a 100-basis-point rate cut from the Fed, highlighting the persistent inflationary pressures in the…
Trump Trade
John Lekas – CEO & Senior Portfolio Manager November 18th, 2024 We continue to believe that a low-dollar policy is in place. With Trump in office, it is almost certain that fiscal and monetary policies will move in tandem. The issue of extending duration here is complex and may not be correlated to past Federal Reserve postures. We project that…
Will the Fed Lower This Year?
John Lekas – CEO and Senior Portfolio Manager August 20th, 2024 Currently, the United States’ debt-to-GDP ratio is approximately 143%, while China’s is approximately 297%. As the national debt for the U.S. and China reaches these levels, it becomes a race to the bottom for currencies because we cannot pay off our debt. The Federal Reserve would be lowering rates,…
Extending Duration?
John Lekas CEO & Senior Portfolio Manager December 20th, 2023 By extending the duration in our portfolio 100% at this juncture using 10-year treasuries (based on a target rate of…
Don’t Fight the Fed
John Lekas CEO September 22nd, 2023 "Don't fight the Fed.” These individuals are academics, not rational business people. The good news is they will inform you of their intentions; there's…
How Bond Funds Have Fared During the Fed’s Rate Hikes
When it came to helping investors navigate recent debt-market turmoil induced by Federal Reserve rate increases, bond-picking fund managers largely came up short. Of almost 2,000 actively managed bond funds…
Board of Directors / Andrew Rogers
Leader Capital recently held a vote by proxy to establish a stand alone trust. Meet our new Trustees, Andrew Rogers, Raymond Davis and Marty Kehoe, who will serve on our…
Grim Earnings Forecasts Are Getting Worse by the Week
With most investors focusing on monetary policies and trade negotiations, the grim outlook for earnings is flying under the radar. John Lekas, CEO & senior PM of Leader Capital, shares…
The Great Fund Face-Off
Leader Capital High-Quality Income Fund was featured in Barron's Mutual Fund Quarty article. Barron's author Lewis…
Portland businessman works to stop the sale of dog meat
John Lekas has retained former Multnomah County Commissioner Loretta Smith to lobby Congress on the…
The Ugliness Of The Lychee And Dog Meat Festival
Help stop the Lychee Massacre. Save tortured dogs. The Lychee and Dog Meat Festival is…
Leader Capital Promotions
“The team at Leader Capital has been crucial to our success over the years,” said…
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