It Sounds Crazy. Oil Is Safer Than Treasuries for This Investor
- Ten-year notes will lose about 3% by June 30, survey shows
- `The commodity maket has corrected already': Meritz's Park
Defend Dividends in the Oil Sector
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Oil is a better bet than Treasuries as the Federal Reserve contemplates raising interest rates, according to Park Sungjin, an investor in Seoul.
While the Fed probably won’t act as soon as Wednesday when it concludes a policy meeting, U.S. interest rates may head higher in the coming months, said Park, the head of investment management at Meritz Securities Co., which has $7 billion in assets. West Texas Intermediate crude oil is attractive following a 47 percent plunge over the past year, according to Park.