Bearing Down on the Best Bond Plays
Investors have turned a cold shoulder to bonds so far this year. Prices have dropped after numerous economic reports have shown the economy still has legs, sending the yield on the 10-year Treasury note from 4.6% at the start of the year to 4.84% as of Feb. 2. The strong economic numbers are pushing back market forecasts for the Federal Reserve to lower interest rates from early in 2007 to much later in the year, if at all. And some economists think a rate hike might be in the cards if inflation picks up (see BusinessWeek.com, 1/29/07, "The Fed: A Tilt Toward the Tighter Side?").
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Tesla Unveils ‘World’s Fastest Production Car’ and Electric Big Rig
- Norway Idea to Exit Oil Stocks Is ‘Shot Heard Around the World’
- Getting a Dog May Save Your Life, Especially If You’re Single
- The Questionable Math Behind Manafort’s Extravagant Home Renovations
- Honda Recalls 800,000 Odyssey Minivans Linked to Injuries