The Federal Reserve is scheduled to terminate its quantitative-easing program in June, but there is not expected to be a big sell-off of Treasurys that could increase long-term interest rates. Foreign investors, including central banks, bought 60% of 10-year U.S. notes sold this year. Last year, the same class of investors bought 42%. "Foreign investors are going to continue to come to the U.S.," said Robert Tipp, chief investment strategist for fixed income at Prudential Investment Management.

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