Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Vanguard Bond Chief Worries Over U.S. Budget Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, July 16, 2012

Vanguard Bond Chief Worries Over U.S. Budget

News summary by MFWire's editors

Robert Auwaerter, head of Vanguard's [profile] fixed-income group, estimated that the U.S. has four years to get its budget under control before the market drives borrowing rates up, reports Bloomberg.

Auwaerter said that the current high demand for U.S. debt reflects an absence of other attractive investments, not confidence in the government's finances.

"The U.S. Treasury gets a pass," he said, "in part because the liquidity in that market brings buyers in that would maybe not be there if there was a viable alternative."

Autwaerter wrote said that the U.S. has a "three- to five-year time frame" to control its spending before the market will "start to look at us like an Italy or Spain and start to assess a credit risk premium to U.S. Treasury yields." 

Edited by: HFD


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use