David Ader survived a heart attack in a jet over the Atlantic, missed a chance to work at the CIA thanks to his friend the international spy, changed jobs during the worst financial crisis in a lifetime and helped upstart CRT Capital Group LLC almost double revenue in two years.
The Treasury’s auctions of $95 billion of coupon-bearing notes this week drew the most bids since February even as a surge in global demand for government debt drove yields to the lowest levels in a year.
Treasury bonds rose, pushing yields to a 10-month low, as investors looked past a report showing the U.S. added more jobs than forecast last month and sought a refuge from escalating tensions in Ukraine.
China’s August sales of Treasuries may have been driven by the securities’ gains linked to U.S. economic weakness, European debt turmoil and speculation of more Federal Reserve bond buying, according to David Ader, at CRT Capital Group LLC.
David Ader, head of U.S. government bond strategy at CRT Capital Group LLC, talks with Bloomberg's Ken Prewitt and Tom Keene. For more ``Surveillance'' and ``On the Economy'' podcasts, please visit iAmplify.com.