(Bloomberg) -- Treasuries stabilized after yields
on 10-year notes reached a five-year high, prompting speculation
increased borrowing costs for businesses and households will
curb growth in the U.S. economy.
``The housing sector has already slowed down and rising
yields will hurt it again,'' said Masataka Horii, a manager for
the $46 billion Kokusai Global Sovereign Open fund in Tokyo, the
world's second-biggest bond fund. ``We don't have any concern
about inflation.''
Read more at Bloomberg Bonds News
on 10-year notes reached a five-year high, prompting speculation
increased borrowing costs for businesses and households will
curb growth in the U.S. economy.
``The housing sector has already slowed down and rising
yields will hurt it again,'' said Masataka Horii, a manager for
the $46 billion Kokusai Global Sovereign Open fund in Tokyo, the
world's second-biggest bond fund. ``We don't have any concern
about inflation.''
Read more at Bloomberg Bonds News
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