Salient to Investors: Economists expect the 10-yr Treasury yield to end 2013 at 2.17 percent. Bill Gross at Pimco expects Treasury 5-yr notes to yield 0.7 percent at the end of 2013 versus 0.72 percent today, and the dollar to decline and oil climb above $100 in 2013. Gross expects stocks
READ MORE... →Salient to Investors: China increased its Treasuries holdings in October to a 5-month high. Liu Dongliang at China Merchants Bank said US treasuries are a good choice for China because the dollar is expected to appreciate and the credit risk is lower than for European and Japanese bonds. Read the full article at
READ MORE... →Salient to Investors: Investors said the S&P lowered outlook for the UK’s credit-rating will have little impact. Stuart Thomson at Ignis Asset Mgmt doesn’t see the downgrade as significant for gilts – a move from AAA to AA+ has lost its impact, if it ever had any, and the impact on default is virtually
READ MORE... →Salient to Investors: Bachhraj Bamalwa at All India Gems & Jewellery Trade Federation said Indian households and temples hold 25,000 metric tons of gold – 10 percent would ensure supplies to Indian jewelers for 3 years. Bamalwa said Indians will continue spending on gold on marriages and in festivals, and with no social security, investment in
READ MORE... →Salient to Investors: Enrico Tanuwidjaja at Royal Bank of Scotland said growth momentum in Asia is clearly taking off. Kozo Hasegawa at Sumitomo Mitsui Banking said funds continue to come into Asia, which supports regional currencies, data out of China are improving. Kim Dong Young at Industrial Bank of Korea said there’s risk appetite in the
READ MORE... →Salient to Investors: Bill O’Neill at Merrill Lynch Wealth Mgmt said: He owns gold for diversification and catastrophe insurance, and expects prices to rise above $2,000 in 2013. Prospects for industrial metals are dim due to a lack of clarity on demand from China, their inventory levels. Global growth will improve slightly next year to 3.2
READ MORE... →Salient to Investors: Gold is headed for a 12th consecutive annual gain, the longest streak in data going back to 1920. Bullion held through ETPs reached a record 2,603.7 tons on Nov. 16, exceeding the official reserves of every nation except the U.S. and Germany. Investors bought 247 metric tons through
READ MORE... →Salient to Investors: Foreign investors can’t get enough Treasuries despite the fiscal cliff and China’s reduced stake. Aaron Kohli at BNP Paribas said there’s little of a buyers’ strike from the Treasury’s perspective and shows the depth of demand. BNP forecasts the 10-year yield will rise to 2 percent by June 2013 versus the
READ MORE... →Salient to Investors: Koji Fukaya at Office Fukaya said stock declines are hurting risk sentiment and investors are selling Asian equities, putting downward pressure on regional currencies. Fukaya said money will continue to flow into emerging markets and their currencies will recover in the medium to long-term. Saktiandi Supaat at Malayan Banking said asian currencies will remain volatile
READ MORE... →Salient to Investors: MacNeil Curry at Bank of America Merrill Lynch said an Ending Diagonal Triangle trading pattern indicates the 2-month rally in the US Dollar Index is poised to end. The Ending Diagonal Triangle indicates a weakening trend that is on the verge of reversal. Read the full article at http://www.bloomberg.com/news/2012-11-15/dollar-index-faces-ending-diagonal-triangle-technical-analysis.html
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