Treasuries set to gain after S&P downgrades U.S. outlook

04/18/2011 | Reuters

Standard & Poor's decision to downgrade the U.S.'s credit outlook to negative should have a positive effect on Treasuries, DoubleLine CEO Jeffrey Gundlach predicts. The move is likely to increase demand for U.S. Treasuries among major investors, including foreign investors, he said. S&P said its decision was based on uncertainty over lawmakers' ability to solve the country's fiscal problems.

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