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BMO Long-Term US Treasury BondZTL-NLBBUYApr 01, 2019Stock price when the opinion was issued
A contrarian pick, because if the markets are going to sell off, there is often a flight to safety, and bonds can be okay. He doesn’t expect huge upside on this, but some neutral to positive upside. The contrarian side is that this is not hedged. In the near term, the loonie is a little overbought, so we may get a little pop on the exchange settling down a little. He is probably going to hold this for 1 to 2 months.