Salient to Investors: Yields on US Treasuries, German bunds and Japanese government bonds are 1 standard deviation above their historical norm. Yields on Treasuries and bunds are more than 40 basis points below what would be 2 standard deviations from their means, and Japanese bonds are 5 basis points away.
READ MORE... →Salient to Investors: For the first time since 2009, US bond yields are rising at the same time inflation is slowing, and Treasuries are offering the highest real yields in more than 2 years. Andrew Wickham at Insight Investment Mgmt said inflation is not a big threat while it is
READ MORE... →Salient to Investors: Bill Gross at Pimco raised Treasuries holdings to 39 percent in April, the highest level since July 2010, and warned that investors face potential losses from global central banks’ unprecedented monetary stimulus. Gross said Treasuries are a better alternative than cash, and negative real interest rates, inflation, currency
READ MORE... →Salient to Investors: The IMF says Britain’s failure to grow means it should ease its deficit-cutting plan. Bill Gross at Pimco said the UK and much of Europe are wrong to pursue fiscal austerity because it won’t deliver growth – a reversal of his 2010 view that the UK should tighten policy. Gross said that long-term
READ MORE... →Salient to Investors: Bill Gross at Pimco said: He raised Treasury holdings to 33 percent of assets in March, the highest level since July 2012, and lowered mortgage holdings to 33 percent, the lowest level since August 2011. cash advance businessespayday loans in la Japan’s unprecedented purchase program may force investors into
READ MORE... →Salient to Investors: George Soros and Bill Gross at Pimco said the BOJ plan to end deflation risks weakening the yen. Gross said the yen has to depreciate much more for the BOJ to reach its inflation target of 2 percent, and other G-7 countries may not be willing to permit that. Read the full article
READ MORE... →Salient to Investors: Bill Gross at Pimco said: The economy will grow no more than 2 percent in 2013 even with one or two quarters of faster growth. A 2 percent new normal economy is the best we can expect. The impact of energy and housing will be limited to one or two quarters at
READ MORE... →Salient to Investors: Bill Gross at Pimco said: The most renowned investors from Buffett to Fuss to Soros may owe their reputations to the most attractive era for money management as expanding credit fueled gains in asset prices across markets. Maybe the era made the man, not the man who made the era – the real test of
READ MORE... →Salient to Investors: Mohamed El-Erian at Pimco said: Europe may contract 1 percent to 1.5 percent in the next 12 months with the private sector starved for credit and austerity policies limiting growth. Ireland’s first sale of 10-yr government bonds since its 2010 bailout is a sign of the gradual healing in Europe’s financial
READ MORE... →Salient to Investors: Bill Gross at Pimco said: Holdings of Treasuries to 28 percent of assets in February, after a six-month high of 30 percent in January, and cut mortgage holdings to 36 percent, the lowest level since August 2011, and cut non-US developed nations’ debt to 11 percent. Corporate credit and high-yield
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