With Fed signals, Treasury markets to see losses

05/5/2008 | Wall Street Journal, The

The Treasury markets are expected to record more losses in the coming weeks. The Federal Reserve signaled last week that it would hold interest rates at current levels, which is likely to push investors to riskier, higher-yielding securities. "That is where the opportunity is: putting on a bet that the fed-funds target rate is going to stay at 2% or lower for a much longer period of time," said James Kauffmann, head of fixed income for ING Investment Management.

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Wall Street Journal, The

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