Salient to Investors:
US Treasury notes and bonds due in a decade or more fell 13 percent in the period, the biggest loss of 174 debt indexes tracked by Bloomberg and the EFFAS. The Citigroup Economic Surprise Index climbed to the highest level since December 31 2012.
Kei Katayama at Daiwa SB Investments said the US economy will have steady growth and only the US is approaching the exit policy.
Yoshiyuki Suzuki at Fukoku Mutual Life Insurance said the increase in yields is making Treasuries attractive.
Charles Evans at FRB of Chicago sees QE ending in mid-2014 as we’ve seen good improvement in the labor market.
Richard Fisher at FRB of Dallas said the Fed is closer to tapering.
Read the full article at http://www.bloomberg.com/news/2013-08-07/treasuries-are-biggest-losers-as-economic-surprise-index-gains.html
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