Mohamed El-Erian spoke with Bloomberg Tv on the worldwide bond market:
- sale of $39 billion 10-year US Treasury notes Wednesday had “large oblique demand”
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“I can solely reconcile it by the ton of money that’s on the sideline, and the worry that should you don’t lock in rates of interest now, you’ll lose curiosity revenue sooner or later. Each time now we have a backup in charges, now we have individuals rush again in.”
- Latest value motion in Treasuries is fueled partly by “cash on the sideline being put to work shortly,”
Adam wrote on locking in excessive a price mounted revenue funding approach, approach again within the first week of July:
- I imagine this can be a uncommon second to lock in investments with excessive charges for a protracted length
Good to see of us are catching up.
This text was written by Eamonn Sheridan at www.forexlive.com.
