OK Bloomberg story on credit markets and the risks of investing in ultra-safe assets in the aftermath of a flight-to-quality episode (*) :
Treasuries extended losses that made them the developed world’s worst-performing bonds after a gain in employment raised expectations the U.S. central bank’s efforts to spur economic growth will bear fruit in 2013. U.S. government securities maturing in 10 years and longer handed investors a 1.3 percent loss in the past month, according to data compiled by Bloomberg and the European Federation of Financial Bank of Analysts Societies. It was the biggest decline of 144 bond indexes around the world. A report this week may show sales at U.S. retailers rose in February for a fourth month, based on a Bloomberg News survey of economists.
(*) Wes Goodman: "Treasuries Are World’s Worst Performers After Jobs Gain", Bloomberg, March 11, 2013.
__________
No comments:
Post a Comment