Salient to Investors:
Obama and Congress are heading for an even bigger confrontation over raising the nation’s debt limit, yet US Treasury bond investors aren’t alarmed.
Matthew Duch at Calvert Investments says the market is much more concerned about growth than if the US will be able to pay its bills.
Zach Pandl at Columbia Mgmt Investment Advisers said the market is not worried about default because the US debt level is lower than comparable countries, growth is higher, and the US has an unblemished track record in debt repayment.
Read the full article at http://www.bloomberg.com/news/2013-01-03/obama-fights-republicans-on-debt-as-investors-seek-growth.html.
Click here to receive free email alerts of articles as soon as they are posted.