21 Jul 2014
US T-Bill resilient and bid despite Fed's QE - BBH
FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman accentuates the current significance of the US 10 year T-Bill.
Key Quotes:
"The US 10-year bond yield fell more than 7 bp last week. It finished the week below 2.50%."
"The resilience of the US Treasury market in the face of the Fed's continuing tapering continues to be arguably one of the biggest surprises for investors this year".
"It refutes arguments that no one wants to buy Treasuries but the Fed. It defies once again the arguments that warn that the central bank is falling behind the curve of inflationary expectations."
Key Quotes:
"The US 10-year bond yield fell more than 7 bp last week. It finished the week below 2.50%."
"The resilience of the US Treasury market in the face of the Fed's continuing tapering continues to be arguably one of the biggest surprises for investors this year".
"It refutes arguments that no one wants to buy Treasuries but the Fed. It defies once again the arguments that warn that the central bank is falling behind the curve of inflationary expectations."