Nomura Sees Rates Backfiring on Auction-Flop Costs: India Credit – Bloomberg 07-22-13

Salient to Investors: Nomura said: The Reserve Bank of India’s surprise policy reversal and the first government debt-sale failures in 10 months risk plans to cut the budget deficit. Vivek Rajpal at Nomura said India is expanding at the slowest pace in a decade and tightening by the RBI will cool growth and strain public finances

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Pimco’s Gross Says Fed Will Tighten Policy in 2016 at Earliest – Bloomberg 07-21-13

Salient to Investors: Bill Gross at Pimco said the Fed won’t tighten monetary policy until 2016 at the earliest, and added to mortgage securities in June. Mohamed El-Erian at Pimco said 10-yr Treasury yields may drop to 2.2 percent in 2013. Read the full article at  http://www.bloomberg.com/news/2013-07-21/pimco-s-gross-says-fed-will-tighten-policy-in-2016-at-earliest.html Click here to receive free and immediate email

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Fareed Zakaria GPS – CNN 07-21-13

Salient to Investors: Fareed Zakaria said: Unlike most developing nations, China spends little on subsidizing current consumption but spends massively on export-free zones, highways, rail systems and airports. No developing democracy has been able to ignore short-term political pressures and execute a disciplined growth strategy with such success. China’s growth

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Treasuries Not Safe Enough as Foreign Buying Slowest Since 2006 – Bloomberg 07-21-13

Salient to Investors: Foreign investors are adding Treasuries at the slowest pace since 2006 amid the worst rout in 4 years, and own less than 50 percent of Treasuries outstanding for the first time since March 2012. However, China boosted its stake in 2013 to the most on record – adding US bonds in 7

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IMF Should Ask U.S. to Review Argentina Case: Lagarde – Bloomberg 07-20-13

Salient to Investors: Christine Lagarde at the IMF said a US court ruling against Argentina over its defaulted debt could have detrimental consequences for global financial stability, by bolstering the power of minority bondholders in future debt restructurings and hurt the IMF’s mandate to maintain financial stability in the world.

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Be Sure Your Seat Belt Is Securely Fastened – Dr Nouriel Roubini Blog 07-20-13

Salient to Investors: Nouriel Roubini writes: We have entered the ‘New Abnormal’ so investors should be prepared to be surprised – nothing has really come to rest. Read the full article at  http://drnourielroubini.blogspot.com/2013/07/be-sure-your-seat-belt-is-securely.html  Click here to receive free and immediate email alerts of the latest forecasts.

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