Salient to Investors:
Tony Crescenzi at Pimco said Treasuries will remain in demand in 2013 because they provide good insurance against macro economic risks, and the Fed will keep rates low until 2015 or 2016. Crescenzi is avoiding or keeping a low weighting on maturities beyond 10 years because the Fed’s intent is to reflate a deflated economy.
Read the full article at http://www.bloomberg.com/news/2012-11-23/treasuries-will-remain-a-good-asset-class-in-2013-pimco-says.html