MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, July 18, 2013 Gross Gobbles Up Treasurys After Bernanke's Remarks Fed Chairman Ben Bernanke put his kid gloves on and handled delicate investor fears gently after the broad market selloff that ensued after his last statement. After his comforting congressional testimony, Bill Gross and other investors bought Treasurys that mature in five to seven years, WSJ reporter Min Zeng writes. Five and seven year Treasurys provide higher yields and less inflation risk than 10 and 30 year Treasurys. Not everybody thinks it's a great idea to lock oneself in if the Fed's outlook shifts again: “It’s rather like warming yourself at the rim of a volcano,” said Jason Evans, co-founder of hedge fund NineAlpha Capital LP in New York. “It feels great until it erupts.” To read more, click here. Printed from: MFWire.com/story.asp?s=44984 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |