Investors, analysts bearish on U.S. government debt

01/20/2009 | Wall Street Journal (free content), The

South Korea's largest investor joined the ranks of other investors and analysts who have become bearish on U.S. government debt. Kim Hee-seok, chief of global investments for the National Pension Service of South Korea, said the fund might start selling U.S. Treasuries because they could soon be less profitable and might stoke inflation. "Because the U.S. government is trying to mobilize a big stimulus plan, we don't know the exact time, but probably before the end of this year, it will cause inflation," Kim said.

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Wall Street Journal (free content), The

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