Salient to Investors:

The difference between G-7 bonds excluding Treasuries and US government securities was the least since July 2011.

Hiroki Shimazu at SMBC Nikko Securities said Treasuries are unattractive because recovery in the US in continuing and inflation expectations rising. Shimazu said 10-yr rates will exceed 2 percent by year-end.

George Soros said that if the economy gathers momentum and the money injected into the system gathers momentum, interest rates will shoot up and arrest the recovery. Soros said we face a period of go-stop, which is far superior to no go.

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